VipminerVipminer
  • Home
  • ALTCOINS
  • BLOCKCHAIN
  • DeFI & NFT
  • MARKET TRENDS
  • MARKET CAP
What's Hot

Binance BUSD Drops $1 Billion in Market Cap, Falls to Fourth Among Stablecoins – What’s Going On?

June 19, 2023

Tether Counted Securities Issued by Chinese Firms Among Its Reserves: Bloomberg News

June 17, 2023

Nansen Report: Crypto Exchanges Kraken, Bybit, and Bitget Gain Ground After FTX Collapse

June 17, 2023
VipminerVipminer
  • Home
  • ALTCOINS
  • BLOCKCHAIN
  • DeFI & NFT
  • MARKET TRENDS
  • MARKET CAP
VipminerVipminer
Home»MARKET TRENDS»Binance US Lawyers Up, Braces for Looming Federal Charges
MARKET TRENDS

Binance US Lawyers Up, Braces for Looming Federal Charges

vipminerBy vipminerJune 13, 2023No Comments2 Mins Read
Share Facebook Twitter Pinterest LinkedIn Tumblr Reddit Telegram Email
Binance US Lawyers Up, Braces for Looming Federal Charges
Share
Facebook Twitter LinkedIn Pinterest Email

The world’s largest cryptocurrency firm has hired a high-profile legal team to battle the US Securities and Exchange Commission — including hiring a former SEC attorney.

According to a filing filed today, Binance US, which was targeted by the SEC on 13 civil charges last week, has appointed George Canelos, who served as co-director of the SEC’s enforcement division.

In a lawsuit it filed last week, the SEC alleged that exchange giant Binance, its chairman Changpeng “CZ” Zhao, and Binance US broke securities laws and “enriched themselves with billions of US dollars while putting investors’ assets at significant risk.”

Binance US is a separate company of US citizens that uses the Binance logo but operates independently. The SEC alleged last week that “Zhao and Binance secretly control the operations of the US Binance exchange behind the scenes.”

Canelos is currently the Global President of the Litigation and Arbitration Group at Milban in New York City. He previously worked for the SEC for four and a half years and oversaw key cases – including the Raj Rajaratnam case, one of the largest insider trading cases in US history.

John Reed Stark, former head of the SEC’s Office of Internet Enforcement, described Canellos on Twitter by writing: “I think Liam Neeson meets Perry Mason.”

Other attorneys in the case include former federal prosecutor Adam Vee and bankruptcy expert Andrew M. LeBlanc.

Adam Fee and bankruptcy expert Andrew M. Leblanc.

Binance faces serious accusations: The SEC alleged that the company and its owner moved around digital currencies and cryptocurrencies to customers “as the defendants pleased.”

So serious, in fact, that last week the SEC asked a judge to freeze assets held by Binance US.

The 13 charges against Binance also include operating unregistered exchanges, brokers, dealers, and clearing agencies; misrepresenting trading controls and oversight on the Binance.US platform; and the unregistered offer and sale of securities.

The move by Wall Street’s largest regulator was the latest in its crackdown on the cryptocurrency industry. Since the collapse of the massive digital asset exchange FTX last year, the SEC has gone after a number of major US cryptocurrency brands — including Coinbase and Kraken.

Binance MARKET TRENDS
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Previous ArticleeToro to Halt Polygon, Algorand, Decentraland, and Dash Purchases for US Customers
Next Article Solana Foundation Responds to SEC’s Security Classification of SOL Token
vipminer
  • Website

Related Posts

ALTCOINS

Binance BUSD Drops $1 Billion in Market Cap, Falls to Fourth Among Stablecoins – What’s Going On?

June 19, 2023
MARKET TRENDS

Nansen Report: Crypto Exchanges Kraken, Bybit, and Bitget Gain Ground After FTX Collapse

June 17, 2023
MARKET TRENDS

Binance Seeks to Deregister Cyprus Entity Amid Upcoming EU MiCA Rules

June 16, 2023
Add A Comment

Leave A Reply Cancel Reply

Our Picks
MARKET TRENDS
Top Posts

Binance BUSD Drops $1 Billion in Market Cap, Falls to Fourth Among Stablecoins – What’s Going On?

June 19, 2023

Tether Counted Securities Issued by Chinese Firms Among Its Reserves: Bloomberg News

June 17, 2023

Nansen Report: Crypto Exchanges Kraken, Bybit, and Bitget Gain Ground After FTX Collapse

June 17, 2023

Binance Seeks to Deregister Cyprus Entity Amid Upcoming EU MiCA Rules

June 16, 2023

Bitcoin-Based Strike Debuts Lightning Network Cross-Border Payments in Mexico – Crypto Adoption on the Rise

June 16, 2023

Shiba Inu Price Prediction as $100 Million Trading Volume Comes In – Are Whales Buying SHIB at This Level?

June 15, 2023
Most Popular

Binance BUSD Drops $1 Billion in Market Cap, Falls to Fourth Among Stablecoins – What’s Going On?

June 19, 2023

Fahrenheit Chosen As Winning Bid in Celsius Bankruptcy

June 2, 2023

Elon Musk Meme Tweet Causes Milady NFT Price To Almost Double

June 2, 2023
Our Picks

Binance BUSD Drops $1 Billion in Market Cap, Falls to Fourth Among Stablecoins – What’s Going On?

June 19, 2023

Tether Counted Securities Issued by Chinese Firms Among Its Reserves: Bloomberg News

June 17, 2023

Nansen Report: Crypto Exchanges Kraken, Bybit, and Bitget Gain Ground After FTX Collapse

June 17, 2023
Hot Posts

The Bitcoin Rich List: An In-Depth Look at the Largest Bitcoin Wallets in Existence Since 2014

June 10, 2023

Today in Crypto: Tender.fi Hacker Returns Stolen Funds, Hedera Confirms Exploit and Turns Off Mainnet Proxies, Meta Mulling Decentralized Text-based App

June 5, 2023

Ripple Purchases Bitstamp Shares as it Ponders Further M&A

June 9, 2023
Vipminer
  • Home
  • About us
  • Contact us
  • Privacy Policy
  • Terms & conditions
© 2023 vipminer

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$38,405.001.97%
    BITCOIN
    24H : 1.97%
    Volume : $18,516,228,149.00
    Marketcap : $751,143,271,898.00
  • ethereumEthereum(ETH)$2,081.922.38%
    ETHEREUM
    24H : 2.38%
    Volume : $17,540,751,814.00
    Marketcap : $250,332,867,729.00
  • tetherTether(USDT)$1.0000.00%
    TETHER
    24H : 0.00%
    Volume : $31,414,158,354.00
    Marketcap : $89,445,130,264.00
  • binancecoinBNB(BNB)$228.760.580%
    BNB
    24H : 0.580%
    Volume : $496,900,278.00
    Marketcap : $35,190,880,796.00
  • rippleXRP(XRP)$0.6070.990%
    XRP
    24H : 0.990%
    Volume : $779,125,496.00
    Marketcap : $32,698,407,532.00
  • solanaSolana(SOL)$60.080.710%
    SOLANA
    24H : 0.710%
    Volume : $1,275,091,180.00
    Marketcap : $25,445,360,726.00
  • usd-coinUSDC(USDC)$1.0000.040%
    USDC
    24H : 0.040%
    Volume : $9,714,026,428.00
    Marketcap : $24,557,846,184.00
  • staked-etherLido Staked Ether(STETH)$2,082.712.55%
    LIDO STAKED ETHER
    24H : 2.55%
    Volume : $22,476,505.00
    Marketcap : $19,322,836,636.00
  • cardanoCardano(ADA)$0.3811.66%
    CARDANO
    24H : 1.66%
    Volume : $249,579,111.00
    Marketcap : $13,327,769,358.00
  • dogecoinDogecoin(DOGE)$0.0830.980%
    DOGECOIN
    24H : 0.980%
    Volume : $829,763,672.00
    Marketcap : $11,789,028,614.00