Binance CEO Rejects SEC's Allegation Regarding Wallet Provider Ceffu

Crypto News
Crypto News

19 Sep 2023 9:00 PM

Binance CEO Changpeng "CZ" Zhao has responded to allegations the US Securities and Exchange Commission (SEC) raised regarding Binance.US's association with wallet provider Ceffu....

  • Binance CEO Changpeng "CZ" Zhao denies allegations by the SEC regarding Binance.US's association with wallet provider Ceffu.
  • The SEC suspects Ceffu may have control over customer assets and has requested further information from Binance's partner company, BAM.
  • Binance.US argues that the SEC's document demands are excessive and burdensome.
  • The SEC and BAM have agreed to a hearing on October 12 and are expected to submit a joint status on October 10.
  • The SEC initiated legal proceedings against Binance on June 5, alleging unregistered securities trading and deceptive practices.

The article presents a conflict between Binance and the SEC, with Binance denying allegations and the SEC seeking further information. The sentiment is neutral.

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You May Ask

What allegations did the SEC raise regarding Binance.US's association with Ceffu?How has Binance responded to the SEC's claims?What is the ongoing dispute between the SEC and Binance about?When is the hearing between the SEC and BAM scheduled?What are the accusations made by the SEC against Binance and its founder?

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