A week after the Securities and Exchange Commission (SEC) filed a civil enforcement action against Binance.US, the crypto exchange has hit back, stating that all of the regulator’s claims are invalid.
Binance argued against the SEC for a temporary restraining order on the company, also known as BAM Trading, and said that such an action would have “destructive consequences,” which will subsequently affect the platform’s ability to even fund its defense to this action.
Binance Hits Back
In its latest filing, Binance’s US affiliate argued that the agency has not identified a single security trading on BAM’s platform. The request for a restraining order would primarily harm BAM’s customers, effectively put BAM out of business, and subsequently, prevent the company from defending itself in this litigation.
Deeming the SEC’s request as “draconian and unduly burdensome,” Binance.US said the move would hinder the ability to pay its employees, vendors, suppliers, and profess
We współpracy z: https://cryptopotato.com/binance-us-calls-to-dismiss-secs-restraining-order-request/
