#Binance #SEC #DOJ #Cryptocurrency #ChangpengZhao #CryptoRegulation #Blockchain #Cryptoindustry
Binance, a prominent player in the crypto industry, has responded sharply to the SEC’s allegations. The company maintained that the SEC has failed to illustrate the relevance of the agreements made with the Department of Justice (DOJ) to the regulator’s disputed claims against Binance Holdings. The criticisms in question have also been directed towards the company’s former CEO, Changpeng Zhao.
Binance is of the view that the SEC’s allegations are unfounded and has defended its operations and governance procedures. The company argues that the SEC’s supposed evidence, gained from agreements with the DOJ, does not substantiate their claims, indicating a lack of coherent narrative in the regulator’s case against them. This development underscores the ongoing tensions between crypto companies and regulatory bodies, as various regulations and compliance norms are being navigated and debated within the rapidly evolving cryptocurrency landscape.
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