The US Securities and Exchange Commission (SEC) argues that Binance Holdings Ltd’s $4.3 billion settlement with the Department of Justice strengthens its case.
Although not involved in the settlement, the SEC argued on Friday that the federal court in Washington should consider admissions made by Binance and its former CEO Changpeng Zhao in the Nov. 21 settlement.
Binance and Zhao asked the court to dismiss the SEC’s lawsuit. In the lawsuit filed in June, the SEC accused Binance and Zhao of using customer funds. misuse, provide misleading information to investors and regulators, and violate securities rules accuses him of violating it.
SEC, also on legal basis He opposes Binance’s efforts to dismiss the case on the grounds that it lacks merit.
According to the SEC, Binance’s argument poses a threat to well-established precedents that are crucial to the operation of securities laws in the United States. Binance’s approach Incompatible with the current legal system It is suggested.
The article titled SEC Continues to Chase Cryptocurrency Exchange Binance was prepared by Selim Kuşçu and published on koinbulteni.com.