Coinspeaker
Binance.US Says SEC Lawsuit Is Unjustified
The United States arm of the Binance exchange, Binance.US has responded to the lawsuit filed against it by the Securities and Exchange Commission (SEC).
According to Binance.US, the lawsuit is without any basis and therefore, the exchange is ready to go to court to refute all of the unwarranted accusations. In light of facts, the law at the time, as well as the SEC’s precedents, the exchange believes that the regulator’s complaint is unjustified.
At the same time, Binance claimed to be aware of the undue stress that the crypto market had been under following a rising trend of regulatory actions against crypto exchanges, hence the need to address it now.
The trading platform noted the series of lawsuits that the US regulator has filed against the likes of Coinbase Global Inc (NASDAQ: COIN), Gemini, and Kraken and after considering many of them including its recent indictment, the exchange concluded that the SEC may very well
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