Binance.US Prepares for Legal Showdown with SEC
Binance.US, the American division of the world’s largest cryptocurrency exchange, has announced its readiness for the next phase of its legal battle with the Securities and Exchange Commission (SEC).
The announcement comes after a court ruling allowed the SEC’s lawsuit against the exchange to move forward. Despite some of the SEC’s allegations being rejected by a US federal judge, most of the charges against Binance.US were upheld, including accusations of offering unregistered investment products and violating anti-fraud provisions.
In response, Binance.US has expressed its commitment to complying with the SEC’s limited guidance, while also highlighting the challenges faced by companies in the industry due to the SEC’s enforcement approach and politically-motivated overreach.
The lawsuit, filed in June 2023, accuses Binance, Binance.US, and its founder Changpeng Zhao of multiple securities law violations. As legal proceedings continue, Binance.US remains focused on transparency and is prepared to face the investigation phase as it defends its activities in court.
It’s important to note that this is not investment advice. To explore over 300 cryptocurrencies, you can register with Binance exchange and receive a 20% commission discount. Follow their Telegram and Twitter accounts for exclusive news, analytics, and on-chain data.
