Former SEC official hints at criminal probe in sealed Binance case
The SEC has requested permission to submit undisclosed documents under seal in its civil lawsuit against Binance, Binance.US, and CEO Changpeng Zhao. The U.S. Securities and Exchange Commission (SEC) submitted a request to the U.S. District Court for the District of Columbia, asking for permission to file certain documents under seal in its civil case against Binance, its U.S. subsidiary Binance.US, and the CEO, Changpeng Zhao (CZ). The content of the SEC’s motion itself is sealed , sparking speculation around the possibility of sensitive or potentially incriminating details. Former SEC official John Reed Stark weighed in on the issue, suggesting that the SEC’s sealed motion could be linked to an ongoing criminal investigation by the U.S. Department of Justice. What’s Up With The Secret U.S. SEC Motion Relating to Binance? In the U.S. SEC/Binance litigation, the U.S. SEC has filed a sealed motion for leave to file documents under seal, according to an SEC court fili...