'While we take the SEC’s allegations seriously, they should not be the subject of an SEC enforcement action, let alone on an emergency basis,' Binance said.
“While we take the SEC’s allegations seriously, they should not be the subject of an SEC enforcement action, let alone on an emergency basis,” Binance said. “We intend to defend our platform vigorously.”Connect/Create WalletNo wallet? No problem. You can set one up for free. We recommend Torus for first-time users.Binance will defend itself"vigorously" against the SEC claims contained in a lawsuit filed Monday.Binance and its CEO, Changpeng Zhao, of violating U.S.
"Most recently, we have engaged in extensive good-faith discussions to reach a negotiated settlement to resolve their investigations," Binance."But despite our efforts, with its complaint today the SEC abandoned that process and instead chose to act unilaterally and litigate. We are disheartened by that choice."
The exchange also pushed back against the complaint's contention that Binance's practices put customer funds at risk."This case arises from Defendants’ blatant disregard of the federal securities laws and the investor and market protections these laws provide. In so doing, Defendants have enriched themselves by billions of U.S. dollars while placing investors’ assets at significant risk," the SEC complaint said.
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