A complaint filed by the world’s largest cryptocurrency exchange Binance for the SEC’s use of false and misleading statements in public statements was rejected by the court.
Binance’s U.S. Securities and Exchange Commission (SEC) Restriction of language used in public statements request by the trial judge Amy Berman Jackson rejected by Binance, the statements made by the SEC not based on any evidence and the jury manipulate he had stated.
At the target of the allegations, the “suggested by the SEC”CEO Changpeng Zhao (CZ) and Binance are using client assets to their advantage” statements were included. SEC details of the claim belong to users 12 billion dollars He claimed that it was transferred to accounts under CZ’s management.
Binance described these claims as completely misleading and rejected the statements made by the court from the SEC side. to impose restrictions otherwise platform users FUD indicated that it would suffer from its effects.
Judge Jackson in the Binance-SEC case, without any objection from the SEC side. turned down the request. In the statement made by the judge, in the current situation No need for court intervention highlighted:
While all lawyers in this case must abide by their ethical obligations at all times, there is currently no need for court intervention to reiterate this point or for the court to intervene in the parties’ press releases.