Judge denies motion from Binance regarding allegedly ‘misleading’ SEC statements By Cointelegraph
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A federal judge overseeing the lawsuit between Binance.US, Binance Holdings Limited and CEO Changpeng “CZ” Zhao and the United States Securities and Exchange Commission (SEC) has denied a motion that could have stopped the financial regulator from issuing public statements related to the case.
In a June 26 ruling in the U.S. District Court for the District of Columbia, Judge Amy Berman Jackson suggested it was unnecessary for the court to intervene regarding the basis for a motion from parties affiliated with Binance and Binance.US. The legal team filed a motion on June 21 alleging that the SEC misled the U.S. public in statements issued over the securities lawsuit, which had the potential of “tainting the jury pool” and introducing “unwarranted confusion into the marketplace.”
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A federal judge overseeing the lawsuit between Binance.US, Binance Holdings Limited and CEO Changpeng “CZ” Zhao and the United States Securities and Exchange Commission (SEC) has denied a motion that could have stopped the financial regulator from issuing public statements related to the case.
In a June 26 ruling in the U.S. District Court for the District of Columbia, Judge Amy Berman Jackson suggested it was unnecessary for the court to intervene regarding the basis for a motion from parties affiliated with Binance and Binance.US. The legal team filed a motion on June 21 alleging that the SEC misled the U.S. public in statements issued over the securities lawsuit, which had the potential of “tainting the jury pool” and introducing “unwarranted confusion into the marketplace.”
Continue Reading on Coin Telegraph
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