While the SEC's lawsuit against the world's largest cryptocurrency exchange Binance and its US branch Binance US continues, a comment came from the famous XRP lawyer John Deaton.
Commenting on the developments in the SEC-Binance feud, John Deaton said that it would be interesting if Binance objected to the SEC's sealed documents.
Deaton stated that Binance's objection would be a blow to the arguments presented by the SEC to the court, and pointed out that it could also give clues about the quality of the documents submitted by the SEC to the court.
“As I said before, it will be interesting to see whether Binance will object to the SEC's request to seal certain documents.
Also, Binance's response may be illuminating as to the nature of the documents.”
As I said on @CryptoLawUS and other channels, it will be interesting to see whether @binance objects to the SEC’s Motion to Seal certain documents (over 30 plus exhibits). Binance’s response could be insightful regarding the nature of the documents. https://t.co/j7Gt5Wn7nH
— John E Deaton (@JohnEDeaton1) September 10, 2023
The famous lawyer stated in his previous assessment that the Binance-SEC case could possibly result in a settlement.
Binance is preparing well for this case. Because Binance had recruited some names from former SEC officials for the case.
Binance CEO CZ also said in his statements that the case was moving in the right direction.
*Not investment advice.
