BNB Loses $300 Support Level Amidst News of the SEC Investigating Binance on its 2017 ICO

Key takeaways: Binance Coin’s (BNB) price has been affected by news of the SEC investigating the exchange on its 2017 ICO. Binance Coin has since lost its $300 support level and could retest its $218 low set during the crypto sell-off catalyzed by UST’s depegging event. The investigations by the SEC aim to figure out if Binance broke Securities laws by selling its token to U.S residents. Binance is also dealing with negative news that the exchange is a preferred […]