Binance vs. SEC : SEC's Latest Filing Against Binance Reveals Startling Developments - Here's The Truth
In a recent turn of events, the U.S. Securities and Exchange Commission (SEC) has intensified its legal battle with Binance US, requesting a court order...
- The U.S. Securities and Exchange Commission (SEC) has intensified its legal battle with Binance US, requesting a court order for inspection.
- The SEC alleges a clear link between Ceffu, a platform central to the dispute, and Binance, contradicting Binance US's prior claims.
- The SEC argues that this connection violates an agreement stipulating that new wallets must remain separate from Binance International's control.
- Prominent cryptocurrency expert Adam Cochran highlights the SEC's reliance on a sealed document known as the "Murphy Declaration."
- The SEC also argues that even BAM, Binance US's parent company, does not fully understand Ceffu's nature and function.
- The SEC initially sought testimony from Brian Shroder, the former CEO of Binance US, and Jasmine Lee, the US CFO, but their requests were denied.
- It was recently uncovered that Shroder is no longer the CEO, and his absence has raised questions.
- The SEC's stance raises suspicions of wrongdoing, a clear connection between Ceffu and Binance International, and expanded functions of Ceffu beyond wallets.
- The complexity of the case is further highlighted by high-ranking BAM executives appearing uncertain about Binance US's assets and tools.
- The legal battle between the SEC and Binance is evolving, with further revelations and potential implications for the cryptocurrency industry anticipated.
The sentiment of the article is neutral, providing information about the ongoing legal battle between the SEC and Binance US.