Many believed in an early termination of Binance after the SEC began its attack earlier this June. But there was game changer for a few days. Because the court recently summoned the two protagonists to find a amicable agreement. To see the latest news, Binance.US is about to go to court for a blunder committed by the SEC.
Binance US strikes back
In the Face of SEC Accusations, Binance Barons Promised a serious response which will certainly make his opponent bend. Last week, we learned that Judge Amy B. Jackson ordered the two to settle things peacefully.
But a recent article by Coinspeaker highlighted a turnaround. In it, the crypto media talked about a charge of issuing false statements by the SEC. Binance.US specifies that the latter does not havenone element proving that the crypto exchange mixed user funds.
” LMAO Binance vs. SEC #FireGensler
Court: ‘I want to know if the assets of BAM are transferred abroad. Is this the case or not? I’m amazed that I’ve asked each of the SEC lawyers this question five times.
SEC: ‘Currently, assets are not transferred overseas… We don’t see any money flowing outside of the United States’
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The SEC’s statement that Defendants were able to commingle Client Assets or misappropriate Client Assets at will’ is directly contradicted by the SEC’s statements to the Court that the SEC has no no evidence that it ever happened. »
As a reminder, Gurbir S. Grewal, Director of the SEC’s Enforcement Division, was behind this accusation. In fact, he revealed that Binance and CZ were mixing client holdings without their knowledge. Exactly like SBF did with FTX and Alameda Research.
Unfortunately, this kind of practice increases the risk of loss of assets for BNB investors.
The SEC is not so unfazed
The outcome of the Ripple case has taught us that the SEC is not the prerogative of victories in court. Is this the reason for the affront from the Binance administrators?
In any case, Binance.US will not be intimidated by a Gary Gensler already candidate for the position of informal adviser from the crypto exchange.
If approved by a judge, Binance.US will earn this: the SEC will not be able to make statements regarding the crypto exchange at will. These are likely to disturb customers.
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