{"id":24106,"date":"2024-07-02T11:00:22","date_gmt":"2024-07-02T08:00:22","guid":{"rendered":"https:\/\/coinengineer.io\/?p=24106"},"modified":"2024-07-02T09:24:42","modified_gmt":"2024-07-02T06:24:42","slug":"binance-us-says-its-prepared-for-discovery-as-legal-battle-with-sec-advances","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/binance-us-says-its-prepared-for-discovery-as-legal-battle-with-sec-advances\/","title":{"rendered":"Binance.US Says It\u2019s \u2018Prepared\u2019 for Discovery as Legal Battle with SEC Advances"},"content":{"rendered":"

Binance<\/a>.US, the American branch of the world’s largest cryptocurrency exchange, stated it is “prepared” for the court ruling that the Securities and Exchange Commission (SEC) case against it will proceed. This comes after a federal judge upheld most of the SEC\u2019s charges against Binance.US on Friday.<\/p>\n

In a post on X, Binance.US expressed anticipation for the case moving into further discovery. The company emphasized that the SEC has not yet identified any evidence of wrongdoing by Binance.US during the extensive 11-month discovery process. “We look forward to continuing the process and are confident in our compliance,” Binance.US stated.<\/p>\n

The judge dismissed part of the SEC\u2019s lawsuit against Binance and its founder, Changpeng Zhao, but upheld the majority of the charges against Binance.US. These charges include potentially offering unregistered investment products and violating anti-fraud provisions.<\/p>\n

Binance.US highlighted in its post that it has always followed the “limited guidance” provided by the SEC to remain compliant. The company criticized the SEC\u2019s approach, stating, “It is unfortunate that we, like many companies in our industry, have fallen victim to the SEC\u2019s regulation by enforcement approach and politically motivated overreach under its current leadership.”<\/p>\n

The SEC filed a lawsuit in June 2023 against Binance, Binance.US, and Zhao, alleging violations of securities laws. Currently, Zhao is serving jail time for charges brought by the Department of Justice.<\/p>\n

\n

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0Telegram,\u00a0<\/strong><\/a>YouTube<\/strong><\/a>,\u00a0and\u00a0Twitter<\/strong><\/a>\u00a0channels for the latest news and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Binance.US, the American branch of the world’s largest cryptocurrency exchange, stated it is “prepared” for the court ruling that the Securities and Exchange Commission (SEC) case against it will proceed. This comes after a federal judge upheld most of the SEC\u2019s charges against Binance.US on Friday. In a post on X, Binance.US expressed anticipation for<\/p>\n","protected":false},"author":6,"featured_media":19944,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,2],"tags":[7119,1278,39],"class_list":["post-24106","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-news","tag-binance-us-sec","tag-binance-us","tag-sec"],"yoast_head":"\nBinance.US Says It\u2019s \u2018Prepared\u2019 for Discovery as Legal Battle with SEC Advances - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/binance-us-says-its-prepared-for-discovery-as-legal-battle-with-sec-advances\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Binance.US Says It\u2019s \u2018Prepared\u2019 for Discovery as Legal Battle with SEC Advances - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Binance.US, the American branch of the world’s largest cryptocurrency exchange, stated it is “prepared” for the court ruling that the Securities and Exchange Commission (SEC) case against it will proceed. 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