- M. Kendall Day will represent Binance against the SEC.bin
- Also joining the team is George Canellos, a former SEC co-director of enforcement.
According to a court filing made public on Thursday, Binance has hired a former prominent prosecutor from the Department of Justice to represent it in the lawsuit brought against it by the Securities and Exchange Commission (SEC). Yesterday, Binance launched a complaint against the SEC for making false claims.
Moreover, according to the filing, M. Kendall Day will represent Binance against the SEC as per Bloomberg. According to his resume on the Gibson Dunn website, before becoming a partner in the DC branch of the firm, Day spent 15 years as acting deputy assistant attorney general in the DOJ’s Criminal Division.
Strengthening Defense Team
During his time at the DOJ, Day oversaw anti-money-laundering efforts on a national scale in his capacity as head of the Money Laundering and Asset Recovery Section. According to Gibson Dunn’s website, the firm has represented financial institutions in connection with money laundering allegations, deferred prosecution agreements, and non-prosecution agreements.
Binance and Binance.US have spent the last several weeks building up their legal staff in preparation for the pending SEC action. Also joining the team is George Canellos, a former SEC co-director of enforcement.
The Securities and Exchange Commission (SEC) has filed accusations against Binance, its CEO Changpeng Zhao, and another linked exchange known as Binance.US, accusing them of mishandling client assets, giving false information to investors and regulators, and breaching securities rules.
Multiple US government departments, including the Department of Justice, are looking into the exchange. Binance U.S, a few days ago reached an agreement with the SEC that would limit the ability of Binance Global employees to access client cash of the U.S subsidiary.
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