In the latest development in the U.S. Securities and Exchange Commission (SEC) lawsuit against Binance, Binance.US, and CEO Changpeng “CZ” Zhao, Binance has hired a new attorney to challenge the SEC. The crypto exchange and CEO CZ recently requested the court to dismiss the lawsuit by the SEC on claims of overstepping its authority.
Binance Gets New Lawyer Against the SEC
According to a court filing late October 18, Binance Holdings has submitted a motion for leave for the appearance of attorney Amy W. Feagles as pro hac vice in the lawsuit.
Amy Feagles is a partner at the law firm Gibson, Dunn & Crutcher and is experienced in handling lawsuits against various U.S. government agencies such as DOJ, CFTC, FCA, and the European Commission. She has represented a company in connection with the foreign exchange and LIBOR investigations conducted by the Criminal and Antitrust Divisions of the U.S. Department of Justice.
The court filing shows the submission of attachments including a declaration of Amy W. Feagles in support, certificates of good standing, and a proposed order for admission of Amy W. Feagles pro hac vice.
Also Read: XRP Lawyer Deaton Reveals Why SEC Chair Gensler Now Considering Bitcoin ETF
US SEC Seeks More Details from Binance.US
Binance and SEC lawsuit is moving in coordination as both parties work on resolving disputes related to document discovery and depositions. Meanwhile, the SEC argues that BAM has only produced nearly 382 documents, with a lack of communication regarding the remaining documents. Binance.US said the SEC has made more requests since the September 18 hearing, which are “unreasonable.”
Moreover, BAM Management US Holdings and BAM Trading Services (Binance.US) filed a motion for leave to submit documents under seal. While the details reading sealed, it seems Binance.US is sharing remaining documents with the SEC.
Also Read: Coinbase Selects Ireland As Operational & Regulatory Hub Amid US SEC Offensive
