Binance US is standing firm in response to the recent allegations made by the Securities and Exchange Commission (SEC). The American branch of the popular crypto exchange, Binance, remains confident in its position despite the legal challenges it faces.
After a recent court ruling upheld 10 out of 13 charges against Binance by the SEC, the exchange is prepared to continue the legal battle. While some charges related to initial coin offerings and other services were allowed to proceed, others were dismissed.
In a statement, Binance expressed its confidence in its compliance with local laws and regulations. The exchange highlighted its strong compliance and risk programs that ensure the safety and security of its platform. Additionally, Binance noted that it has followed limited guidance from regulators in the emerging industry.
The exchange criticized the SEC for its regulation-by-enforcement approach and alleged politically motivated overreach. Binance believes that the SEC lacks the authority to bring the current legal action against them and is confident that the court will validate their position in due course.
Despite the ongoing legal dispute, Binance US remains committed to operating within the boundaries of the law and providing a secure platform for its users. The exchange is prepared to defend its position and face the challenges ahead as it moves forward in the legal process.