• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Legal Battle Between Binance US and SEC

user avatar

by Giorgi Kostiuk

2 years ago


Legal Battle Between Binance US and SEC

Binance US, the American branch of the renowned cryptocurrency exchange, is gearing up for a substantial legal confrontation with the Securities and Exchange Commission (SEC). The company asserts its focus on adhering to regulatory protocols while scrutinizing the SEC's enforcement methodology.

Despite undergoing an exhaustive 11-month fact-finding phase, the U.S. entity asserts that the SEC has not yet pinpointed any incriminating evidence against it. In a recent communication, Binance US indicated its readiness for the forthcoming phase of legal deliberations, eagerly anticipating further exploration of the matter.

This recent development transpired subsequent to a ruling by a U.S. federal judge, who nullified a portion of the SEC's lawsuit against Binance and its chief, Changpeng Zhao. Nonetheless, the majority of allegations against Binance US still stand, encompassing accusations of potentially offering unregistered investment products and contravening anti-fraud statutes.

In its declaration, Binance US reiterated its dedication to compliance with the SEC's delimited directives. The SEC initially lodged the lawsuit in June 2023, leveling accusations against Binance, Binance US, and Zhao for various breaches of securities laws. Noteworthy is that Zhao is presently serving a custodial term following charges filed by the Department of Justice.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

New Report Released Based on SEC Data

chest

The report is based on information sourced from the SEC, aiming to provide accurate financial information and increase transparency in financial reporting.

user avatarAisha Farooq

Chainlink Report Highlights Editorial Policy

chest

A recent report from Chainlink emphasizes the importance of a strict editorial policy that focuses on accuracy, relevance, and impartiality.

user avatarTenzin Dorje

BNB Chain Report Highlights Editorial Policy

chest

A report from BNB Chain emphasizes its strict editorial policy prioritizing accuracy, relevance, and impartiality.

user avatarBayarjavkhlan Ganbaatar

Cardano Foundation Implements Strict Editorial Policy

chest

The Cardano Foundation has recently established a strict editorial policy that emphasizes accuracy, relevance, and impartiality in its reporting.

user avatarMohamed Farouk

Ripple Strengthens Its Editorial Guidelines for Improved Accuracy.

chest

Ripple has announced a strict editorial policy that focuses on accuracy, relevance, and impartiality in its communications.

user avatarElias Mukuru

China Introduces New Guidelines for Crypto Money Laundering Prosecutions

chest

An article outlines a framework for prosecuting crypto money laundering in China, proposing presumptions of criminal intent and a national platform for seized cryptocurrency.

user avatarDiego Alvarez

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.