Cointime

Download App
iOS & Android

Judge Denies Eeon's Motion to Intervene in SEC's Lawsuit Against Binance

A federal judge has denied a motion by third-party Eeon to intervene in the US SEC enforcement action against Binance, citing the law that prohibits the consolidation of a private action with one brought by the SEC without its consent. The judge also referred to previous cases, including US SEC v. Ripple Labs, which prevented private cross-claims, counter-claims, and third-party claims to SEC enforcement actions. Binance and Changpeng "CZ" Zhao opposed Eeon's request to intervene, giving three reasons to the court to deny the motion.

Comments

All Comments

Recommended for you