- Davies’s application to appear pro hac vice was granted by Judge Amy Berman Jackson.
- The SEC earlier has asked the court for permission to submit a sealed document.
A new attorney for Binance.US has been granted by a federal court in the U.S. SEC case involving Binance, its U.S subsidiary and CEO Changpeng Zhao.
On August 30, Andrew Rhys Davies, an attorney representing Binance.US, filed a notice of presence in the ongoing SEC litigation. Davies’s application to appear pro hac vice in the case was granted by Judge Amy Berman Jackson. In the case of Binance v. SEC, Judge Jackson previously requested that Davies make an appearance by filing a notice of presence.
An attorney has reportedly been brought in as Binance.US files for a restraining order against the SEC for going beyond the terms of the consent decree. Judge Amy Jackson submitted Binance.US’s request for a protective order to Magistrate Judge Faruqui for adjudication.
Struggle Continues for Binance
While this is going on, the SEC earlier has asked the court for permission to submit a “document under seal,” which many in the industry think pertains to claims of money laundering or other possible criminal activity. Since Binance and its U.S. subsidiary have disregarded the previously agreed upon terms, the securities regulator is likely planning to increase its action against them.
John Reed Stark, a former SEC official, speculates that the SEC may announce a criminal investigation or prosecution by the U.S. DOJ against Binance. It might endanger a firm or a witness as well. However, these are just speculations, and no official information has been shared.
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