The post SEC Files Sealed Motion Against Binance Exchange appeared first on Coinpedia Fintech News
On August 29, reports emerged regarding a significant move by the US Securities and Exchange Commission (SEC) against Binance. The SEC’s action involves a sealed motion filed with the District Court of the District of Columbia, requesting permission to submit documents under seal.
The contents of this recent submission are confidential, and restricted to authorized individuals. Within this submission, a collection of 37 supporting documents is included, comprising exhibits, declarations, and supplements. Notably, a declaration from Jennifer Farer, the SEC’s senior trial attorney, accompanies an exhibit presented by SEC attorney Matthew Scarlato.
This development follows the SEC’s prior announcement of 13 charges directed at Binance, its US counterpart (Binance US), and CEO Changpeng “CZ” Zhao.
Binance and CEO CZ initially intended to contest the SEC lawsuit jointly with the Comm
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