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<p class="is-style-lead">Binance has enlisted the expertise of a former attorney from the Department of Justice (DOJ) to mount a defense against the lawsuit filed by the Securities and Exchange Commission (SEC).</p> 
<p>According to Bloomberg, M. Kendall Day has been appointed as&nbsp;<a href="https://crypto.news/learn/beginners-guide-trading-binance/">Binance’s</a>&nbsp;legal counsel in their ongoing lawsuit with the SEC. His credentials on the Gibson Dunn website indicate that before joining the firm as a partner in its Washington, D.C. branch, Day served as an acting deputy assistant attorney general within the DOJ’s Criminal Division for 15 years.</p> 
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   <p lang="en" dir="ltr">Binance hired a former prosecutor at the Department of Justice to represent it in the SEC lawsuit <a href="https://t.co/FxZsLPLUBE" target="_blank">https://t.co/FxZsLPLUBE</a></p>— Bloomberg Crypto (@crypto) <a href="https://twitter.com/crypto/status/1671969825344593941?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">June 22, 2023</a>
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<p>During his tenure at the DOJ, Day was responsible for overseeing nationwide efforts to combat money laundering as the head of the Money Laundering and Asset Recovery Section. </p> 
<p>Gibson Dunn, as stated on their official website, has provided legal representation to financial institutions entangled in cases involving allegations of money laundering, deferred prosecution agreements, and non-prosecution agreements.</p> 
<p> You might also like: <a href="https://crypto.news/more-regulatory-action-for-binance-brazils-branch-director-summoned/"> More regulatory action for Binance, Brazil’s branch director summoned </a> </p> 
<p>Binance and Binance.US have been actively bolstering their legal team over the past few weeks in anticipation of the forthcoming SEC action. Furthermore, they recently brought George Canellos, a former SEC enforcement official, on board.</p> 
<h2 class="wp-block-heading" id="binance-s-friction-with-the-sec">Binance’s friction with the SEC</h2> 
<p>Binance, its CEO Changpeng Zhao, and a linked exchange known as Binance.US have&nbsp;<a href="https://crypto.news/sec-accuses-binance-ceo-of-diverting-billions-in-customer-funds/">recently accused</a>&nbsp;the Securities and Exchange Commission (SEC) of breaking securities laws and mismanaging customer assets. The SEC’s claims were made public in a press release. </p> 
<p>In addition, the SEC is working on a plan to retrieve cryptocurrency that residents of the United States own.</p> 
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<p>An agreement was reached last week between Binance and the SEC to prohibit the exchange’s employees from accessing Binance.US client funds.</p> 
<p> Read more: <a href="https://crypto.news/canadian-regulator-warns-against-crypto-companies-with-fake-approval/"> Canadian regulator warns against crypto companies with fake approval </a> </p>

Binance engages former DOJ prosecutor to counter SEC allegations

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