Regulators sue crypto company Binance over mishandled funds

The SEC says Binance commingled customer funds, didn't register itself as an exchange, and defrauded its customers. In a response to the SEC's suit, Binance accuses the commission of taking a blunt approach where one isn't warranted. "While we take the SEC's allegations seriously, they should not be the subject of an SEC enforcement action, let alone on an…