![]() ![]() This move allows the SEC to request judicial notice over details from the Binance-DOJ plea deal, potentially weakening Binance’s defense against SEC allegations.īinance now has to meet an unprecedented level of compliance, involving new procedures, anti-circumvention controls, periodic reviews, comprehensive reporting, and investigation. Read More: SEC Stands Firm: Binance Battle Rages On Despite DOJ’s $4.3 Billion Settlement SEC’s Strategic MovesĪlthough the SEC is not directly involved in the compliance settlements, it has taken a significant step by filing a “Notice of Supplementary Authority” in a federal court. There’s been a flurry of newly released Binance-related filings… /igN2I9Y7cP- John Reed Stark December 9, 2023 1) Newly Unsealed US DOJ Filings Could Mean the End of Binance and 2) SEC Files Supplemental Pleading Against Binance, Strengthening the SEC Binance Lawsuit Exponentially The DOJ Compliance Monitor’s responsibilities cover a wide range and require a detailed 13-page summary to explain Binance’s compliance obligations.īreaking News: A Binance Double Whammy. John Reed Stark, an ex-SEC officer, emphasizes how unusual and intense this DOJ/FinCEN scrutiny is for an international financial company. Financial Crimes Enforcement Network (FinCEN), poses a big challenge for the crypto giant. This, combined with mandates from the U.S. ![]() Recent disclosures from the DOJ reveal a thorough supervisory role over Binance. Will Binance ride the wave this time too, or will this crackdown be the last straw? Read on. Department of Justice (DOJ) and the Securities and Exchange Commission (SEC) are stepping up oversight, creating what a former SEC officer calls a “compliance tsunami.” In a major development in the cryptocurrency world, Binance, one of the largest digital currency exchanges, is now under intense regulatory scrutiny. Binance's future hinges on adapting to new regulations, facing both risks and opportunities.
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