United

Gary

<div class="playHtListenArea" style="display:none;margin: 0;">
		<div id="playht-audioplayer-element" data-play-article="https://crypto.ro/en/?p=21937" data-play-audio="https://media.play.ht/full_-NXPLyI_kYnrFU_bqNLl.mp3?generation=1686216900763250&alt=media">
		</div>
	</div>
	<p>In a surprising twist to the ongoing legal battle between cryptocurrency exchange Binance and the U.S. Securities and Exchange Commission (SEC), lawyers for Binance have revealed that SEC Chair Gary Gensler once offered to be an &#8220;informal advisor&#8221; to the exchange.</p>
<p>Binance&#8217;s legal team argues that this history between Gensler and Binance raises concerns about a potential conflict of interest and calls for Gensler&#8217;s recusal from the case.</p>
<p>According to a letter shared by the <a href="https://downloads.coindesk.com/legal/Binance.pdf" rel="nofollow noopener" target="_blank">SEC</a> in a court filing, Binance&#8217;s counsel stated that in March 2019, Binance CEO Changpeng &#8220;CZ&#8221; Zhao and Gensler had a lunch meeting in Japan where they discussed the BNB token and Binance&#8217;s plans to open an exchange in the U.S.</p>
<p>The letter further claims that Zhao understood Gensler to be comfortable serving as an informal advisor, an offer reportedly made by Gensler himself.</p>
<p>Binance&#8217;s legal team argues that Gensler&#8217;s involvement in the case raises questions about his impartiality and potential status as a material fact witness. They call for clarification from the SEC regarding Gensler&#8217;s recusal, which has not been confirmed thus far.</p>
<p>This revelation comes as the SEC recently filed a lawsuit against Binance, alleging violations of federal securities laws. The legal battle has intensified, with the SEC also filing for a temporary restraining order to freeze assets on Binance.US. Both parties are scheduled to appear in court on June 13 regarding the order.</p>
<p>In a separate development, a court has ordered the SEC to respond to a petition from Coinbase, another major cryptocurrency exchange, regarding its stance on engaging in rulemaking for the crypto industry. This response is expected to shed light on the SEC&#8217;s position and approach to regulating cryptocurrencies.</p>
<p>As the legal proceedings unfold, the industry will closely watch for any updates regarding Gensler&#8217;s potential recusal and the impact it may have on the case&#8217;s outcome. It remains to be seen how this development will shape the future of the lawsuit and the broader regulatory landscape for cryptocurrencies in the United States.</p>

Binance claims Gensler once offered to be an ‘Informal Advisor’

crypto.ro global

2023年6月8日公開の他の記事

SBF Upset by Criminal Trial's Late Evidence while FTX Seeks Sale of AI Stock

EU Consumer Group Targets Crypto Ads On Social Media

Massive crypto influx: 110 million new users enter markets despite regulatory fears

Billionaire Mark Cuban Highlights Regulatory Issues Amid SEC’s Legal Action Against Coinbase

US Government Objects to Bittrex’s Customer-Repayment Plan for Crypto Exchange

EU to Utilize Blockchain for Verification of Educational and Professional Credentials

ニュースレターを購読して暗号資産の最新情報を毎日入手！