In early June, the SEC declared the world’s largest cryptocurrency stock market Binance, CEO Changpeng Zhao and US arm Binance US’filed a lawsuit.
The SEC accused defendants of misusing client funds, providing misleading information to investors and regulators, and violating securities regulations.
While the SEC made these accusations, Binance and CZ did not sit idly by.
BloombergAccording to the news of Binance, to defend themselves in the SEC lawsuit. Adalet M. Kendall Day, former acting assistant attorney general of the DOJ agreed with.
Day served at the DOJ for 15 years. During this tenure he was also head of the agency’s Money Laundering and Asset Recovery Division.
After this role, Day is currently working as a partner in the Washington DC office of Gibson Dunn & Crutcher.
There was no statement from Binance or M.Kendall Day on the subject.
Binance continues to strengthen its hand for its legal battle in the SEC case. Because Binance recently announced that it has agreed with former SEC official George Canellos.
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