The post Binance and SEC Likely Headed for Settlement, Predicts Former SEC Official appeared first on Coinpedia Fintech News
The long-standing litigation involving Binance, the world’s largest cryptocurrency exchange, and the U.S. Securities and Exchange Commission (SEC) is potentially nearing a resolution. The prediction came from John Reed Stark, the Former Chief of the SEC Office of Internet Enforcement. He suggested that a settlement between the two parties might be in the offing after U.S. District Judge Amy Berman Jackson declined the SEC’s request to freeze the assets of Binance’s U.S. arm.
Some are arguing that the judge in the SEC/Binance case expressed skepticism about the S.E.C.’s use of its enforcement powers to regulate the crypto world, calling it “inefficient and cumbersome.”
That might be true, but having now read the transcript of yesterday’s hearing… pic.twitter.com/5tAYeqdb5Q
— John Reed Stark (@JohnReedStark) June 14, 2023
Judge Calls For Mediatio
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