In the latest development in the U.S. Securities and Exchange Commission (SEC) lawsuit against Binance, Binance.US, and CEO Changpeng “CZ” Zhao, a federal judge has approved a new attorney for BinanceUS. Meanwhile, the SEC seeks an order from the court to file ‘document under seal’, and experts believe it’s related to money laundering allegations or other potential criminal conduct.
According to a new filing in the Binance vs US SEC lawsuit on August 30, attorney Andrew Rhys Davies filed a notice of appearance for BAM Management US Holdings and BAM Trading Services (Binance.US). Judge Amy Berman Jackson has approved the earlier motion by Davies to appear pro hac vice in the lawsuit.
According to a previous order, Judge Jackson wanted Davies to file a notice of appearance to appear in the Binance vs SEC lawsuit.
“MINUTE ORDER granting 99 Motion for Leave of Andrew Rhys Davies to Appear Pro Hac Vice only upon condition that the lawyer admitted, or at least one member of the lawyer’s firm, undergo CM/ECF training, obtain a CM/ECF username and password, and agree to file papers electronically.”
CoinGape Media earlier reported that the attorney comes in as BinanceUS seeks protective order from the court in response to the SEC’s exceeding the agreed-upon consent order. Judge Amy Jackson referred Binance.US’ protective order motion to Magistrate Judge Faruqui for resolution of the dispute.
Also Read: Bitcoin to Take Centre Stage In US Presidential Elections After Grayscale Victory
Meanwhile, the SEC is filing sensitive or confidential information in the lawsuit. The securities regulator is likely looking to intensify its action against the world’s largest crypto exchange and its U.S.-based entity for completely ignoring the earlier-agreed agreement.
Former SEC enforcement official John Reed Stark believes the SEC may reveal criminal investigation or prosecution conducted by the U.S. Department of Justice against Binance. Also, it could place a witness or company at risk. However, these are just assumptions and the actual details will remain confidential.
Also Read: Terra Luna Classic L1TF All Set For v2.2.0 Core Upgrade, LUNC Price Jumps 5%
Trump Family's World Liberty Financial has unveiled big real-world asset (RWA) tokenization plans on Wednesday,…
Fintech giant Stripe has unveiled a suite of tools to enable businesses to tap into…
Metaplanet has expanded its Bitcoin portfolio with another purchase. The Tokyo-listed firm is now the…
Nasdaq has officially filed to list and trade BlackRock iShares Bitcoin Premium Income ETF with…
While the ASTER token has crashed 20% in the last 24 hours, to test the…
The U.S government has entered its first shutdown since 2019 after lawmakers failed to reach…