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Crypto Giant Binance Faces Intensifying SEC Dispute as CEO Stays Calm Before Court Hearing

Algoine News
Summary:
Binance CEO Changpeng Zhao stays calm before the court hearing as the dispute between Binance.US and the SEC intensifies. The SEC accuses Binance of being uncooperative despite a consent order agreement. Stay updated on this developing story.
Binance CEO Changpeng Zhao maintained a calm demeanor prior to the scheduled hearing in the District of Columbia District Court on September 18. In a positive post, he shared a photograph of Brinance-branded merchandise and mentioned the company's interns. Nonetheless, he is anticipated to closely follow the court proceedings due to the escalating dispute between the United States Securities and Exchange Commission (SEC) and Binance.US, which culminated in a week of contentious legal filings. Magistrate Judge Zia Faruqui presided over the hearing regarding the SEC's motion to compel, which Binance has deemed excessively burdensome. Despite having previously agreed to a consent order on discovery in the SEC's case involving allegations of unregistered securities operations, Binance has been accused of uncooperativeness by the SEC. Stay tuned for updates on this developing story.
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Published At

9/18/2023 6:59:39 PM

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