Binance.US has hired four lawyers, including former co-director of the SEC's enforcement division George Canellos, to fight the recent charges from the US Securities and Exchange Commission. Canellos is known for his experience in setting enforcement priorities and policies during his time at the SEC.
Three other lawyers from Milbank will also join Binance.US's defense team. The SEC sued Binance last week for operating an unregistered exchange and violating various US laws. In response, Binance.US has halted US dollar deposits and is encouraging customers to withdraw their funds.
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