• 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

Massachusetts Prosecutors Target $327,829 in USDT from Dating App Scam

chest

Massachusetts prosecutors are seeking the civil forfeiture of $327,829 in USDT linked to a dating app scam that defrauded a resident through a fake cryptocurrency investment.

user avatarBayarjavkhlan Ganbaatar

Stablecoin Yield Talks Spark Online Debate

chest

The latest developments in stablecoin yield negotiations have led to a heated online debate among industry stakeholders.

user avatarElias Mukuru

Ripple CEO Urges Banks to Act in Good Faith Amid Stablecoin Yield Negotiations

chest

Ripple CEO Brad Garlinghouse emphasizes the need for banks to act in good faith amid ongoing stablecoin yield negotiations.

user avatarMohamed Farouk

Ongoing Regulatory Debate Over Prediction Markets

chest

There is an ongoing discussion about which federal regulator, the SEC or CFTC, has jurisdiction over prediction market platforms.

user avatarDiego Alvarez

Nasdaq Inc Plans to Launch Prediction Market Offering

chest

Nasdaq Inc plans to launch its own prediction market with binary options contracts for yes-or-no bets.

user avatarMaria Fernandez

Wall Street Giants Enter Prediction Market Space

chest

Major financial players like Intercontinental Exchange and CME Group are investing in prediction markets.

user avatarKenji Takahashi

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.