ICYMI: Binance takes early court loss as request for SEC rebuke fails
The federal judge presiding over the U.S. Securities and Exchange Commission’s case against Binance denied a request from lawyers representing the crypto exchange, its owner and its U.S. affiliate to rebuke the agency for language it used in a press release.Connect/Create WalletNo wallet? No problem. You can set one up for free. We recommend Torus for first-time users.The federal judge presiding over the U.S. Securities and Exchange Commission’s case against Binance, Binance.
“While all of the lawyers in this case should adhere to their ethical obligations at all times, it is not apparent that Court intervention to reiterate that point is needed at this time, or that it is necessary or appropriate for the Court to get involved in wordsmithing the parties' press releases,” Berman Jackson wrote in an order. “Nor is it clear that the agency's public relations efforts to date will materially affect proceedings in this case.
“Given that Changpeng Zhao and Binance have control of the platforms’ customers’ assets and have been able to commingle customer assets or divert customer assets as they please, as we have alleged, these prohibitions are essential to protecting investor assets,” he said. “Further, we ensured that U.S.
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