The U.S. Securities and Exchange Commission (SEC) filed a biting response to Binance's attempt to dismiss the lawsuit against it. The SEC asserts that the exchange 'tortured' its interpretation of securities laws and deliberately never complied with them. Binance's arguments were deemed to lack a real basis in law or precedent, with the regulator claiming that the exchange ignored most of the allegations in the lawsuit. The SEC asserts its complete authority over crypto exchanges, stating that Binance misrepresents the law. The judge rejected Binance US and SEC's request for privacy in their legal case.
JUST IN: 🇺🇸 Judge rejects #Binance US and SEC’s request for privacy in their legal case.
SEC responds to Binance motion to dismiss securities violation suit https://t.co/mLCEGmOspv
A look at the SEC rebuttal of Binance’s motion to dismiss https://t.co/nmmqXTXWdk
The U.S. Securities and Exchange Commission (SEC) said that Binance's attempts to dismiss the lawsuit against it are invalid https://t.co/7pCN5FdBu8
#Biden Administration Seeks More Tools to Combat Illicit #Crypto Use, Says Treasury Official ⬇️ #cryptonews https://t.co/qRmArfxTBa
📣 Latest News: Binance used ‘tortured' interpretation of law in bid to toss suit, says SEC #news #cryptonews #crypto #regulations
The SEC filed a biting response to Binance’s bid to throw out the regulator’s suit, claiming the exchange “tortured” its interpretation of securities laws and deliberately never complied with them. https://t.co/2BXErUG9WY
.@Binance’s attempt to dismiss the SEC’s lawsuit against it ignored most of the allegations contained in that lawsuit, the agency said in a snarky motion filed Tuesday, reports @aleks_gilbert https://t.co/8QrGn4XeQw https://t.co/8QrGn4XeQw
Binance's arguments for dismissing an SEC lawsuit don't have a real basis in law or precedent, the regulator said in its own filing on Wednesday. @nikhileshde reports https://t.co/N6teBih1PM
The SEC filed their opposition to Binance’s motion to dismiss. Once more, the SEC asserts that a virtually unlimited “flexibility of the securities laws” grants it complete authority over crypto exchanges. That misrepresents the law; let’s explore why. 1/7 https://t.co/nGYRYn2ypG