Binance.US Hires Former SEC Enforcement Director Amidst Legal Battle
United States-based crypto exchange Binance.US is bolstering its legal team in response to recent challenges from the US Securities and Exchange Commission (SEC). In a strategic move, Binance.US has hired former SEC enforcement division co-director George Canellos to its legal staff, signaling a strong commitment to defending itself against the ongoing lawsuit.
After strong allegations from the US SEC last week, Binance.US is now preparing its defense. The hiring of Canellos, who previously supervised key enforcement actions at the SEC, is seen as a significant asset. Canellos’s deep understanding of SEC regulations and enforcement procedures will be invaluable as Binance.US navigates the complex legal landscape.
Moreover, the hiring coincides with three other lawyers the company has employed since the SEC lawsuit was filed. In response to the lawsuit, Binance hired four attorneys from Milbank LLP, including George Canellos. This strategic expansion of its legal team underscores Binance.US's determination to vigorously defend its position. El exchange Binance.US ha contratado a un antiguo funcionario de la Comisión de Bolsa y Valores (SEC) como parte de su equipo jurídico para defenderse de las accusations.
In a bold move to reinforce its legal defense, Binance, the world’s largest cryptocurrency exchange, has hired former officials from both the U.S. Department of Justice and now, with the addition of Canellos, a top SEC enforcement leader. This proactive approach aims to ensure a robust defense against the SEC's claims.
This strategic hiring demonstrates Binance.US's dedication to compliance and its intent to address the SEC's concerns head-on. Stay tuned for further updates on this developing story.