The world’s largest cryptocurrency exchange – Binance – has reportedly recruited M. Kendall Day – a former prosecutor at the US Department of Justice. His main duty will be to represent the firm in the legal battle against the United States Securities and Exchange Commission (SEC).
The agency waged war on Binance earlier this month, accusing it of violating several rules. According to one of the allegations, the exchange offered services with unregistered securities, such as the native token of the platform BNB and the stablecoin BUSD.
Getting Ready for the Fight
As reported by recent Bloomberg, Day will appear in the SEC case as counsel for Binance. His vast experience includes 15 years at the Department of Justice, where he served as a white-collar prosecutor and later rose to an Acting Deputy Assistant Attorney General (DAAG).
Day was in charge of the Money Laundering and Asset Recovery Section and had responsibility for about 200 prosecutors and other experts. He has also supervised high-profile cases and investigations related to corporate and financial misconduct allegations.
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