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Breaking: Binance Gets Expert Attorney To Challenge US SEC In The Lawsuit

Attorney Andrew Rhys Davies files a motion to appear pro hac vice to support crypto exchange Binance in the US SEC lawsuit.
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Breaking: Binance Gets Expert Attorney To Challenge US SEC In The Lawsuit

In the latest development in the Binance vs U.S. Securities and Exchange Commission (SEC) lawsuit, attorney Andrew Rhys Davies has filed a motion to appear pro hac vice in the case. The attorney comes in as BinanceUS seeks protective order from the court in response to the SEC’s exceeding the agreed-upon consent order.

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Attorney in Support of Binance in the SEC Lawsuit

According to a new filing in the Binance vs US SEC lawsuit dated August 22, attorney Andrew Rhys Davies has filed a motion for leave to appear pro hac vice. The lawyer has come in support of BAM Management US Holdings and BAM Trading (Binance.US).

As per the declaration, Andrew Rhys Davies is an attorney of the law firm Wilmer Cutler Pickering Hale & Dorr LLP (WilmerHale). He has experience in cross-border cases involving securities, banking, and financial regulation.

Meanwhile, Judge Amy Jackson has referred the protective order motion by Binance.US to Magistrate Judge Faruqui. BinanceUS argues the SEC is exceeding the agreed-upon consent order, requests the court for an order to preclude depositions of BinanceUS’ CEO and CFO, and reject SEC’s demands that have nothing to do with the case.

Binance eagerly tries to reduce the SEC’s influence on the digital asset industry. Coinbase, Ripple, and Binance have filed motions to dismiss their lawsuits, claiming that the SEC and CFTC are acting outside its regulatory oversight and jurisdiction. Crypto investors argue that the SEC’s enforcement actions have harmed them rather than protected them.

Also Read: Amicus Curiae Appearance Filed In Coinbase Vs US SEC Lawsuit

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Former SEC Official Predicts Outcome

Former SEC chief John Reed Stark’s prediction that Judge Jackson will refer Binance’s motion for a protective order to Magistrate Judge Faruqui for resolution comes out true. Stark believes the Judge will order Binance to provide most of what the SEC requests. However, the judge may eliminate some duplicative or obviously overly broad requests. He thinks DOJ lawsuit is imminent and it will be most impacting for Binance.

CoinGape Media reported that the U.S. Department of Justice (DOJ) alleges Binance for violating the US sanctions on Russia. Stark believes the DOJ is likely to bring a lawsuit against Binance.

Also Read: Ripple Executives Notify Court About Their Unavailability During Bitcoin Halving

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Varinder Singh

Varinder has over 10 years of experience and is known as a seasoned leader for his involvement in the fintech sector. With over 5 years dedicated to blockchain, crypto, and Web3 developments, he has experienced two Bitcoin halving events making him key opinion leader in the space. At CoinGape Media, Varinder leads the editorial decisions, spearheading the news team to cover latest updates, markets trends and developments within the crypto industry. The company was recognized as Best Crypto Media Company 2024 for high impact and quality reporting. Being a Master of Technology degree holder, analytics thinker, technology enthusiast, Varinder has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers.

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Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
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