SEC official, the US arm of Binance Binance USHe argued that .
From the U.S. Securities and Exchange Commission ( SEC) made harsh comments on Binance US during Voyager Digital’s bankruptcy hearing.
SEC official, during the trial, Binance US It claimed that . is an unregistered stock exchange in the USA. Also, the official Voyager Digitalbelonging to VGXsale of tokens argued that he believed it violated federal securities laws.
Binance US Allegedly Being an Unregistered Securities Exchange
SEC Senior Litigation Attorney William Uptegrove, which shocked Binance US made statements.
At a bankruptcy hearing to determine whether Voyager will be sold to Binance US Uptegrove, the judge in charge of the trial Michael to Wilesreplied. SEC official Uptegrove, Voyager’s native token of VGXis a security product and Binance USIt is defined as an unregistered stock exchange. argued.
Moreover Judge Wiles, had a very tough exit to the SEC in the past few days. wilesnoted that the SEC tried to undermine the case with hollow sentences.
Uptegrove He noted that the views of SEC personnel do not necessarily reflect the views of the five commissioners at the head of the SEC. In this context, Uptegrove did not disclose whether the SEC has taken any enforcement action.
Uptegroveto the words of Binance US The response from the front was not delayed either. One Binance USspokesperson, SECHe said that these allegations about his staff were regrettable. Binance USspokesperson, said:
“Together with others in our industry, we are committed to constructive dialogue with regulators and to support a comprehensive regulatory framework drawn up and adopted by Congress to enable continued innovation in the United States.”
