At 1:00 PM, after 3 minutes of reading, Ariela R. from Cointribune reported that the long-standing legal battle between Binance and the SEC is nearing its end. For experts in the crypto industry, this marks a significant turning point for the market.
The dispute between the two parties has been ongoing for several months, with speculations on who would emerge victorious. Some favored Binance, while others believed the SEC would come out on top. However, with the final showdown approaching, both sides are preparing for the last act.
The SEC had requested detailed information from Binance regarding its operations, specifically regarding client assets and cryptocurrency wallets. In response, Binance provided 300,000 pages of documents, claiming to have fulfilled its disclosure obligations.
Amidst tense discussions, the founder of Binance, Changpeng Zhao, has taken the lead in resolving the conflict with the SEC. Despite their differences, CZ has shown a willingness to address the regulator’s concerns, signaling a potential improvement in their relationship and a desire for transparency on Binance’s part.
The court plans to complete all pre-trial investigations and depositions by April, and the resolution of the dispute is imminent. Regardless of the outcome, it will have a significant impact on the cryptocurrency market.
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Disclaimer: The views, thoughts, and opinions expressed in this article are solely those of the author and should not be taken as investment advice. Do your own research before making any investment decisions.
