Binance and CEO Chanpgeng Zhao asks court to dismiss SEC suit
Binance Holdings and its CEO Changpeng Zhao have filed a petition seeking to have the lawsuit made against them by the US Securities and Exchange Commission (SEC) dismissed.
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Binance Holdings and its CEO Changpeng Zhao have filed a petition seeking to have the lawsuit made against them by the US Securities and Exchange Commission (SEC) dismissed.
A federal magistrate judge has denied the SEC's request to gain immediate access to Binance.US's software, asking the regulator to provide more specific requests for discovery.
United States District Judge Amy Berman Jackson has ordered the two entities to work toward a compromise.
New details revealed in the SEC complaint could explain why Brian Brooks abruptly stepped down as CEO of Binance.US in 2021, a crypto lawyer suggests.