Binance’s US subsidiary, Binance.US, gave its first official response to the lawsuit filed by the SEC about a week ago.
Binance.US has filed a lawsuit filed by the US Securities and Exchange Commission (SEC). a detailed answer gave. 2020 of the year December with the SEC since to cooperate Stating that they made a great effort, the stock market said that this lawsuit was filed at the end of the day. unwarranted is expressed.
However, Binance CEO Changpeng Zhaoof (CZ) 12 billion dollars controls the customer asset and BAM TradingAllegations that he transferred to and kept under his control flatly denied. Statement by company lawyers where client funds are kept separate from any corporate funds stressed. Lawyers admitted that Zhao had a bank account with BAM Trading, but that you do not have signing authority on the account He claimed.
Lawyers, on the other hand, have cleared Binance.US assets from the SEC. request for freezing asked to withdraw. on client funds there is no risk clearly stated that this initiative of the SEC cruel was emphasized.
Attorneys demand a clearer and more transparent regulatory stance from the SEC, as stated in the case file. 12 cryptocurrencies that they are securities submission of evidence they wanted.
SEC in its lawsuit against Binance.US Binance Coin (BNB), Binance USD (BUSD), Left (LEFT), Cardano (ADA), Polygon (MATIC), Filecoin (FIL), Cosmos (ATOM), The Sandbox (SAND), Decentraland (MANA), Algorand (ALGO), Axie Infinity (AXS) And COTI (COTI) described it as a security.