Jim Cramer, presenter of the CNBC show Mad Money, has given another another caution about Binance via a tweet. Additionally, he claimed that the Securities and Exchange Commission (SEC) of the United States is highly worried about Binance and the money of its users.
However, this is not the first time that Cramer has expressed his disagreement with Binance, which has the title of being the biggest cryptocurrency exchange in the world in terms of trading volume. Binance, on the other hand, has been the subject of a limited protest from the SEC.
He wrote on his Twitter, “SEC not letting Binance close the Voyager deal.. i think the SEC is VERY worried that Binance will prove to be more chimerical than we think. I reiterate, i do nit like crypto and its defenders are too strident about its need… I just don’t want people to lose money needlessly.”
Cramer has said in the past that he does not trust Binance and would rather put his money on a sports betting firm called DraftKings. He made this comment after Binance was described as being “totally unfair” after the failure of its primary rival, FTX.
I would trust my money more in Draftkings than i would binance
— Jim Cramer (@jimcramer) December 16, 2022
According to this comment, Cramer is attempting to imply that the fact that Binance closed the agreement with Voyager might be an indication that the agency is very worried that Binance will not be able to establish that it is innocent.
On the other side, Voyager Digital said in December that Binance.US had reached an agreement to buy its assets for a total price of 1.022 billion dollars. Before Binance made a second offer, the insolvent cryptocurrency lender Voyager had already given its approval to sell its assets to the now-defunct cryptocurrency exchange FTX.
Compiled by Coinbold