CNBC Mad Money host Jim Cramer issued another warning on Binance via tweet. He mentioned that the U.S. Securities and Exchange Commission (SEC) is concerned about Binance and people’s money.
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.”
But this is not the first time that Cramer criticized the world’s largest crypto exchange, Binance.
As per his previous statement, Cramer prefers to put his trust and money in a sports betting company, “DraftKings,” rather than Binance, as he believes Binance was “absolutely unfair” following the collapse of its main competitor, FTX.
On the other hand, the SEC has filed a limited objection to Binance and is not letting Binance close the Voyager deal.
In response to this, Cramer stated that the SEC’s refusal to allow Binance to close the Voyager deal could be a sign that the agency is deeply concerned that Binance will turn out to be more fictitious than most people believe.
In December, Voyager Digital announced that Binance.US had agreed to purchase its assets for $1.022 billion. The bankrupt crypto lender Voyager had consented earlier to sell its assets to the now-defunct crypto exchange FTX before Binance made a renewed bid.
