Updated: July 1, 2024 10:57 PM EDT
Binance.US, the U.S. arm of the world’s largest cryptocurrency exchange, said Friday it is “prepared” for a court ruling that would allow the Securities and Exchange Commission to continue its lawsuit against the exchange.
The company wrote X post He said he “expects” the case to be investigated further. “Specifically, the SEC has not yet found any evidence of wrongdoing by Binance.US in the extensive 11-month investigation we have engaged in to date,” Binance.US said in the post.
Binance’s response comes after a U.S. federal judge on Friday dismissed part of the SEC’s lawsuit against Binance and exchange founder Changpeng Zhao. Most agencies supported the prosecution. Allegations against Binance.US. These allegations include offering unregistered investment products and violating anti-fraud provisions.
In the X post, Binance.US added that it has always utilized the “limited guidance” provided by the SEC to comply with regulations.
“Like many companies in our industry, we regret that under the SEC’s current leadership we have fallen victim to a combination of regulatory oversight and politically motivated abuse of power,” the company said.
In June 2023, the SEC sued Binance, Binance.US, and Zhao for alleged securities violations. Zhao is currently serving a prison sentence on charges brought by the Department of Justice.
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