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Binance Gets Expert Attorney Against the US SEC as SEC Seeks Secret Filing in Lawsuit

Binance.US has been granted a new attorney, Andrew Rhys Davies, in its ongoing lawsuit with the US Securities and Exchange Commission (SEC). The SEC is seeking to file a document under seal, which experts suggest could relate to money laundering allegations or other potential criminal conduct.

Former SEC enforcement official John Reed Stark has speculated that the filing may reveal a criminal investigation or prosecution conducted by the US Department of Justice against Binance, but the details will remain confidential. The lawsuit centres on allegations that Binance and its CEO, Changpeng Zhao, violated US securities laws.

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