Binance.US complaint over SEC press release rejected by U.S. judge.

A federal judge has denied Binance’s request to limit the language used by the U.S. Securities and Exchange Commission (SEC) in press releases regarding Binance.US’s handling of customer funds, which Binance argued could harm its trial. D.C. District Court Judge Amy Berman Jackson, who is overseeing the SEC’s case against Binance.US, dismissed the claims, stating that the court’s mandate is not to “wordsmith” public statements from either party. Lawyers for BAM Trading, which operates as Binance.US, filed a complaint about the SEC’s press release on Friday, raising concerns over the SEC’s “misleading extrajudicial statements.” The SEC sued Binance, the world’s largest crypto exchange by trading volumes, on June 5, alleging that the company and CEO Changpeng “CZ” Zhao violated federal securities laws. The SEC has filed lawsuits against several high-profile crypto companies in recent months, citing the need to protect investors from a risky, largely non-compliant industry. Binance has until September 21 to respond to the SEC’s allegations, with the SEC’s response due on November 7.

Read More: One-Two Punch Finally Registers SEC View on Binance, Coinbase, Rest of Crypto

Edited by Jesse Hamilton.

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