Binance’s ‘Provocative’ Motion Against SEC Could Expedite Criminal Charges, Warns Former SEC Official
The
U.S. Securities and Exchange Commission (SEC)’s former head of internet enforcement has warned that Binance’s recent motion accusing the regulator of ethical violations could expedite criminal
charges against the crypto exchange.
The former SEC official
explained in a tweet Thursday that filed a motion on Wednesday asking the judge
overseeing the SEC-Binance enforcement case to prevent SEC attorneys from
making public statements asserting that Binance and CEO Changpeng Zhao (CZ)
“have mishandled the assets of US-based customers.”
The crypto exchange
claimed that the securities regulator
“has not presented evidence of any alleged commingling” and argued that the watchdog’s publicly stating that
Binance has mishandled customer assets
“risks tainting the jury pool”.
