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 <h2 id="binance-and-us-sec-oppose-eeon-petition-to-intervene">Binance And US SEC Oppose Eeon Petition to Intervene</h2> 
 <p>Defendant <a rel="noopener noreferrer nofollow" title="Binance" href="https://thebittimes.com/tag/binance.html">Binance</a> and plaintiff US SEC opposed Eeon’s petition to intervene in the lawsuit, according to the District Court for the District of Columbia.</p>  
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 <p><a rel="noopener noreferrer nofollow" title="Binance" href="https://thebittimes.com/tag/binance.html">Binance</a> gave three reasons to dismiss the petition by Eeon. These are — no consent of the SEC, failing to identify as a real party in interest, and failing to meet requirements for intervention under the law. In addition, the counter-claim by Eeon makes vague allegations and unrelated to the lawsuit.</p> 
 <p>US SEC argues Eeon is a serial pro se litigant whose causes have failed to gain traction in federal courts. SEC requested the court to deny the petition because the Exchange Act prohibits a private litigant’s intervention, participation will not impact the lawsuit as its claims matches with defendants’ arguments, and failing to meet requirements for intervention. Also, Eeon’s counterclaims seeking relief against the SEC and Binance are contrary.</p> 
 <p>Thus, both plaintiff and defendants oppose any intervention by Eeon in the SEC lawsuit against <a rel="noopener noreferrer nofollow" title="Binance" href="https://thebittimes.com/tag/binance.html">Binance</a> and CEO Changpeng “CZ” Zhao.</p>  
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 <p><strong>Also Read: Terra Luna Classic Core Developer L1TF Announces Major Partnership</strong></p> 
 <h2 id="binance-seeks-cftc-lawsuit-dismissal">Binance Seeks CFTC Lawsuit Dismissal</h2> 
 <p>Meanwhile, <a rel="noopener noreferrer nofollow" title="Binance" href="https://thebittimes.com/tag/binance.html">Binance</a> filed a motion to dismiss the US CFTC lawsuit claiming that it lacks jurisdiction on the global crypto exchange and the right to sue its CEO CZ. However, the court’s deadlines for submission of responses by CFTC and <a rel="noopener noreferrer nofollow" title="Binance" href="https://thebittimes.com/tag/binance.html">Binance</a> will stretch the dismissal to next year.</p> 
 <p><a rel="noopener noreferrer nofollow" title="Binance" href="https://thebittimes.com/tag/binance.html">Binance</a> continues to face regulatory challenges and heightened scrutiny from US regulators. It has impacted trading volumes and liquidity on the exchange and the broader crypto market.</p> 
 <p><strong>Also Read: Prominent XRP Attorney Withdraws From Ripple Vs US SEC Lawsuit</strong></p> 
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Binance And US SEC Submits Response To Third Party's Intervention

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