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Former Chief SEC Office of Internet Enforcement John Reed Stark shares SEC opposition with screenshot citing Binance’s Chief Compliance Officer’s statement that Binance was operating as an unlicensed securities exchange in the United States. According to Stark’s Nov. 8 post on X, Binance might be outdone in court. A deliberate choice The opposition  states that Binance has operated as a broker, dealer exchange and clearing agency in the United States, making the exchange subject to federal securities laws. The SEC Just Filed Their Opposition to Binance’s Motion to Dismiss. The Comprehensive Pleading is Powerful, Compelling and Strongly Supported in Both Fact and Law. Stick a fork in it Binance, you’re done. https://t.co/R8SBKUfuy8 pic.twitter.com/FE7wTdaAme — John Reed Stark (@JohnReedStark) November 8, 2023 For this reason, the document states not abiding by these rules was “a deliberate choice.” You might also like: US lawmaker seeks to slash SEC chief’s sa...

US prosecutors have submitted their proposed instructions to the jury for the upcoming trial of FTX co-founder Sam Bankman-Fried, set to begin in October. The detailed 100-page filing, dated Aug. 21, outlines how the prosecutors wish Judge Lewis Kaplan to guide the jury in Bankman-Fried’s case. The instructions are based on previous guidance the New York district judge has provided in other cases. Bankman-Fried faces seven charges, including fraud, money laundering conspiracy, wire fraud, commodities fraud, and securities fraud. The filing breaks down each charge, suggesting how Judge Kaplan should present the allegations, the burden of proof required for a guilty verdict, and the evidence related to each charge. The document also includes proposed guidelines for how the jury should assess the evidence, deliberate, and conclude each count. While such proposals are standard in criminal trial s, the final decision on jury instructions rests with Judge Kaplan. The former FTX c...