Binance, one of the world’s largest cryptocurrency exchanges, has filed a complaint against the United States Securities and Exchange Commission (SEC) over allegations made in a press release. The SEC accused Binance.US, the US-based arm of Binance, and its CEO of violating federal securities law by misleading customers and misusing their assets. However, Judge Amy Berman Jackson, presiding over the case, dismissed the claims, stating that it is not the court’s role to scrutinize public statements made by both parties. Binance’s legal team argues that the SEC’s press release is misleading and could harm Binance.US customers. The court has set deadlines for both Binance and the SEC to respond to the allegations. This complaint comes as Binance gears up for a legal battle with the SEC, which has faced criticism for its impact on the cryptocurrency landscape in the US. The outcome of this case is highly anticipated and could have significant implications for the market.
Continue reading on Coinpedia.org
By
By
By
By
By