Internet Computer

Request

<ul> 
 <li>The SEC requested permission to submit sealed papers in its action on August 28.</li> 
 <li>Ex-SEC official speculates that a DOJ criminal investigation may be underway.</li> 
</ul> 
A move to submit court papers under secrecy has been filed on behalf of the U.S SEC in its civil lawsuit against Binance. More than 35 documents, a statement from Jennifer Farer (a trial attorney for the SEC), and a proposed order were all included in the request. 
The <a href="https://thenewscrypto.com/crypto-market-rallies-on-grayscales-victory-against-u-s-sec/" target="_blank" rel="noopener noreferrer nofollow">SEC</a> requested permission to submit sealed papers in its action on August 28 in U.S. District Court for the District of Columbia. The motion was sealed, prompting some to believe the SEC would be submitting confidential documents. 
<h3 class="wp-block-heading" id="h-struggle-continues-for-binance">Struggle Continues for Binance</h3> 
The crypto community has speculated that may be whatever <a href="https://thenewscrypto.com/binance-news-binance-drops-banco-de-venezuela-support-for-p2p-trading/" target="_blank" rel="noopener noreferrer nofollow">Binance</a> did, it was so dubious that the SEC is afraid to openly condemn it. While some fear that this might trigger the next market crash. 
Moreover, Ex-SEC official <a href="https://twitter.com/JohnReedStark?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor" target="_blank" rel="noopener noreferrer nofollow">John Reed Stark</a> speculates that a DOJ criminal investigation may be underway if the agency requests to submit confidential materials. According to the reports, the federal agency has been looking into charges of money laundering and possible breaches of sanctions involving Russian companies made against Binance. 
The motion came after Binance’s P2P trading service restricted access to users in Russia from using fiat other than ruble and from using specific sanctioned Russian financial institutions. Also, according to a Binance representative, the company is exploring all of its options with respect to Russia, “including a full exit.” 
The SEC filed a complaint against Binance, Binance.US, and CZ in June over multiple charges. Binance and <a href="https://en.wikipedia.org/wiki/Changpeng_Zhao" target="_blank" rel="noopener noreferrer nofollow">Changpeng Zhao</a>, who were sued by the CFTC in March, asked the court to throw out the case in July. However, the lawsuit is underway. 
Highlighted Crypto News Today: 
<a href="https://thenewscrypto.com/internet-computer-protocol-icp-launches-1-proposal-sns-feature/" target="_blank" rel="noopener noreferrer nofollow">Internet Computer Protocol (ICP) Launches 1-Proposal SNS Feature</a>

SEC’s Sealed Submission Request in Binance Lawsuit Raises Concerns

Table of Contents

TheNewsCrypto

Other articles published on Aug 30, 2023

Altcoin Season Takes Off, Viral Meme Coin Sonik Attracts $750k With Just 6 Days Left to Buy at Lo...

Robinhood’s Web3 Wallet Adds Bitcoin and DOGE Support!

US SEC's Gary Gensler To Face Huge "Crypto" Hearings

Base Network Gears Up For USDC Integration, Circle CEO Jeremy Allaire Confirms

Empowering Web3: Exploring Mantle’s Revolutionary Data Infrastructure

XRP, BTC Price Expectations Fall Short After Grayscale Drama

Join our free newsletter for daily crypto updates!