Crypto shares tumble as US regulator sues Binance

Crypto shares tumble as US regulator sues Binance

FILE PHOTO: Zhao Changpeng, founder and chief executive officer of Binance, at the Viva Technology conference in Paris, France June 16, 2022. REUTERS/Benoit Tessier

Cryptocurrencies and shares in crypto and blockchain-related companies tumbled on Monday after the US securities regulator sued crypto exchange Binance, another blow to the industry.