SEC responde à moção da Binance para rejeitar processo de violação de valores mobiliários
The U.S. Securities and Exchange Commission (SEC) has filed its response to Binance‘s motion to dismiss the regulator’s lawsuit against it. The SEC rejected the various arguments made by Binance, stating that “no court has adopted Defendants tortured interpretation of the law. To the contrary, courts have consistently rejected it, and this Court should as well.” In June, the SEC sued Binance.US, the U.S.-based subsidiary of Binance, and its founder, Changpeng “CZ” Zhao, accusing them of violating securities laws. In September, the exchange, its holding companies, and CZ filed motions to dismiss the suit, accusing the SEC of regulatory overreach and misinterpreting securities law, amongst other things. The SEC opened its 88-page rebuttal, filed with the U.S. District Court for the District of Columbia, in blistering style, suggesting that Binances own Chief Compliance Officer had best summed up the case when he admitted in December 2018 that the company was “operating as a fking unlicensed securities exchange in the USA bro.” The regulator‘s November 7 filing argued that a dismissal would “dismantle decades of foundational precedent upon which the nation’s securities laws operate” and, in its place, install a “rigid framework that turns entirely on contract law and the form transactions take, in