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Binance.US 'prepared' for SEC legal showdown

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Binance.US is readying for a long legal battle with the SEC, emphasizing its commitment to compliance and criticizing the agency’s enforcement tactics. Learn more about the ongoing legal showdown.

Binance.US, the American branch of the global cryptocurrency exchange Binance, is gearing up for legal battles with the Securities and Exchange Commission .announcement, Binance.US has expressed a readiness for an extended period of legal discovery.

Binance.US said it was created for the “express purpose of serving” U.S. customers and would adhere to U.S. rules and regulations The centralized cryptocurrency exchange criticized the SEC’s regulatory approach, describing the federal agency as “regulation by enforcement.” “It is unfortunate that we, like many companies in our industry, have fallen victim to the SEC’s regulation by enforcement approach and politically motivated overreach under its current leadership.”Binance.US expressed confidence in its legal standing, stating that the SEC has “yet to identify any evidence of wrongdoing on the part of Binance.US."

 

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Binance.US says it’s ‘prepared’ for discovery as legal battle with SEC advancesThe crypto exchange said that the Securities and Exchange Commission has yet to identify evidence of wrongdoing by Binance.
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