Cryptocurrency exchange Binance, its US division and Changpeng Zhao filed a lawsuit against the SEC (Securities and Exchange Commission). It alleges that the regulator misled the public by using the unproven fact of misuse of client funds.
The reason for the lawsuit was the SEC press release dated June 17. In it, the Commission refers to the statement of the representative of the department, Gurbir Grewal:
The lawsuit, in turn, states the following:
Indeed, during the June 13 hearing, the judge asked the prosecution directly whether such a thing had taken place. To this, the SEC spokesman responded as follows:
A confirmation from the text transcript can be viewed here.
Binance, Binance.US and Changpeng Zhao are demanding that the court order the SEC to refrain from making such statements until the case is concluded. It is not yet known when the lawsuit will be heard. Recall that on June 17, a federal judge approved the deal between the department and Binance.US. The division’s assets have not been completely frozen, allowing it to continue operations.
Source: bitcoinlinux.com
