Share this article
SEC Wants to Start Scrutinizing Binance Chain Transactions
Company executives anticipated regulators might one day take an interest in Binance Chain
By Danny Nelson
Updated Sep 14, 2021, 9:38 a.m. Published Jul 30, 2020, 2:37 p.m.
The U.S. Securities and Exchange Commission (SEC) appears to be gearing up for a closer look at Binance coin and other tokens on cryptocurrency exchange giant Binance’s eponymous blockchain.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
- SEC disclosed in a Wednesday memo that it intends to award Menlo Park, Calif.-based CipherTrace a single-source contract on the grounds it's the only blockchain analysis firm capable of tracing Binance Chain transactions.
- "CipherTrace products are the only known blockchain forensics and risk intelligence tool that can support BNB and all tokens on the Binance network," the securities watchdog said in the contract description.
- In November 2019, CipherTrace partnered with Binance to bring anti-money laundering tracing tools to Binance Chain, which hosts the exchange's nearly $3 billion market cap cryptocurrency BNB as well as 189 other tokens.
- Company executives telegraphed in a press release that November the possibility of regulators one day putting eyes on Binance Chain. CipherTrace CEO Dave Jevans said regulators "demand better transparency," while Binance Chief Compliance Officer Samuel Lim said the partnership put Binance in line "with global regulatory standards."
- CipherTrace, Binance and the SEC did not immediately respond to CoinDesk requests for comment.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
How Much Longer Until We Consider the Bitcoin Power Law Model Invalid?
As the gap between spot bitcoin price and the power law widens, investors are left questioning whether mean reversion is coming or if another cornerstone model is approaching its end.
What to know:
- Bitcoin has largely tracked its long standing power law trend this cycle, though it now trades about 32% below the model.
- Earlier models like stock to flow have already failed, with its current implied valuation near $1.3 million per bitcoin
Top Stories
