Crypto: The end of the Binance VS SEC case is (very) close.

After months (if not years!) of fierce battling, the legal fight between Binance and the SEC is coming to an end. For many cryptography experts, this marks a major turning point for the cryptocurrency market.

JUST IN:

SEC uses the Terra Labs case in a lawsuit against Binance

— WhaleFUD (@WhaleFUD) January 4, 2024

Binance vs SEC: The Ultimate Showdown

Since the start of the feud, speculations have been rife about who the ultimate winner will be. Some bet on the cryptocurrency giant, Binance. Others assured victory for the American crypto regulator. Each party seemed to have the upper hand at certain times, both firmly holding their ground.

Today, we know that the final showdown between the crypto company Binance and the SEC is almost over. After a long road of legal requests and strategic depositions, the two titans are preparing for the last act.

The SEC required from crypto exchange platform Binance detailed information about its operations, specifically concerning client asset management and cryptocurrency wallet software. In response, Binance provided 300,000 pages of documents. For its part, the crypto exchange asserts that it has fulfilled its disclosure obligations.

The Founder of Crypto Exchange Binance, Changpeng Zhao, at the Heart of Resolving the Conflict with the SEC

While waiting for his sentencing, postponed to April 30, 2024, Changpeng Zhao, the founder of the crypto company Binance, is at the center of resolving the legal battle with the SEC. Indeed, the American crypto regulator has asked him specific questions. The goal: to simplify the current crypto case and reduce research.

Despite tense discussions, CZ has expressed his willingness to address the SEC’s concerns. This dialogue could indicate an improvement in the relationship between the two parties. It also demonstrates a desire for transparency on the part of Binance.

The court plans to finish all pre-trial investigation processes and depositions by April. The resolution of the crypto dispute between Binance and the SEC is thus imminent. Whatever the outcome, it will certainly affect the cryptocurrency market.