Chamber of Digital Commerce opposes SEC’s overreach in Binance lawsuit
1 min read
The United States-based Chamber of Digital Commerce has aligned with various digital assets firms, associations, legal experts and legislators in a collective effort to challenge the
Binance.US, along with Binance Holdings and CEO CZ, submitted a motion to dismiss the lawsuit, asserting that the SEC has exceeded its jurisdiction. Binance.US has also criticized the SEC’s recent document discovery and deposition requests as “unreasonable.”
BAM Management US Holdings and BAM Trading Services (Binance.US) have requested permission to submit confidential documents. While the specifics are kept confidential, it appears that Binance.US is sharing certain documents with the SEC.
Magazine: Crypto regulation: Does SEC Chair Gary Gensler have the final say?
