- An ex-SEC lawyer claims the unsealed filings from the DOJ could signal the end of Binance.
- He noted the DOJ has mobilized a full spectrum of observers to prosecute financial fraud against Binance potentially.
- Besides, the SEC has moved to incorporate facts from the DOJ’s agreement to strengthen the ongoing lawsuit against Binance.
Recently, former chief of the SEC Office of Internet Enforcement, John Reed Stark, raised alarm bells regarding the future of Binance. He stated that newly unsealed filings from the U.S. Department of Justice (DOJ) could signal the end of the popular crypto exchange.
Breaking News: A Binance Double Whammy. 1) Newly Unsealed US DOJ Filings Could Mean the End of Binance; and 2) SEC Files Supplemental Pleading Against Binance, Strengthening the SEC Binance Lawsuit ExponentiallyThere’s been a flurry of newly released Binance-related filings… pic.twitter.com/igN2I9Y7cP
— John Reed Stark (@JohnReedStark) December 9, 2023
He highlighted the plethora of recently disclosed DOJ filings that bring to light the expansive oversight that the agency now wields over Binance. For instance, the lawyer highlighted that the authority of the …
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