Cryptocurrency exchange Binance argues that the US Securities and Exchange Commission (SEC) does not meet the legal requirements to file a lawsuit against it.
Binance, Binance.US and Changpeng Zhao, SEC the stock exchange sells unregistered securities against the lawsuit he filed in June, alleging objected again.
Binance reached a $4.3 billion settlement with the Ministry of Justice and the Commodity Futures Trading Commission. on the grounds that it exceeded the limits of its authority He filed an appeal against the SEC’s lawsuit in September.
In the response to the SEC, Binance customers did not incur any liability after purchasing cryptocurrencies, which would justify filing a lawsuit. investment contract It was argued that it was not qualified as such.
Binance denies SEC efforts to reconcile Justice Department settlement with its case inappropriate and unacceptable evaluated as.
According to the company’s claim agreements reached by other institutions The SEC, which tried to use it to its own advantage, could not provide a precedent that it had authority in this area.