Approval From US Judge
– Attorney Andrew Rhys Davies has been approved by Judge Amy Jackson to represent Binance.US in the ongoing case with the SEC.
– Davies initially filed to represent Binance pro hac vice and was asked to file a notice of appearance by the federal judge.
– Davies filed a notice of appearance for BAM Management US Holdings and BAM Trading Services, the company behind Binance.US.
– The approval allows Davies to represent Binance in court pro hac vice, as he is not licensed to practice in the jurisdiction.
– Davies has experience in cross-border cases involving securities, banking, and financial regulation.
Details Of The SEC – Binance.US Lawsuit
– The lawsuit between Binance and the SEC has been ongoing, with both parties filing different motions.
– The SEC recently filed a motion for leave to file documents under seal, which could indicate the protection of details of a criminal investigation or the safety of a witness or company.
– Binance previously filed a protective order motion against the SEC to limit the regulators’ requests for communications.
– Federal Judge Amy Jackson has passed on the protective order motion to Magistrate Judge Faruqui.
– The outcome of the case could set a precedent for how the SEC approaches the crypto industry.
Hot Take
The approval of attorney Andrew Rhys Davies to represent Binance.US is a positive development for the crypto exchange in its ongoing case with the SEC. Davies brings expertise in cross-border cases involving securities and financial regulation, which will be valuable in navigating the legal proceedings. The lawsuit between Binance and the SEC continues to attract attention from the crypto industry, as it has the potential to shape how the regulator approaches the entire crypto industry. Crypto enthusiasts and investors will be closely monitoring the outcome of this case.
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