In the latest Binance hearing following the previous postponement due to snowstorms, the lawyers representing the cryptocurrency exchange referenced the situation that ensued between American digital asset service provider Coinbase and the United States securities watchdog SEC to make their argument.
SEC Non-Compliance Tabled
Coinbase had approached the SEC, requesting clarity on crypto regulation.  As shared on X by market analyst Dan Gambardello, Binance’s lawyer noted that the regulator failed to cooperate with Coinbase and refused to provide the requested guidance. 
The SEC took it further by indicting the crypto firm in June 2023 on grounds it was operating as an unregistered broker, exchange, and clearing agency, raising concerns about potential violations of financial regulations.
In the present-day Binance hearing, the exchange’s lawyer argued that the SEC “sued Coinbase on the same flawed theory they’re bringing here while simultaneously telling the public, come in a

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