SEC files opposition to Binance motion to dismiss
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...