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International Business Times
International Business Times
Business
Nica Osorio

Binance's Legal Trouble Far From Over; SEC Uses Newly Unsealed Court Records To Strengthen Case

Binance SEC Changpeng Zhao CZ United States John Reed Stark Lawsuit DOJ

KEY POINTS

  • Binance and Zhao entered into a settlement agreement with the DOJ and other agencies last month
  • The historic settlement deal saw Binance agreeing to pay around $4.3 billion in fines
  • The SEC has urged the court to take judicial note of Binance and Zhao's plea deals

The U.S. Securities and Exchange Commission is not yet done with its enforcement action against centralized cryptocurrency exchange platforms, particularly Binance, as the regulator used newly unsealed court records to strengthen its case against the CEX.

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