Judge Jackson Cites Ripple Ruling In Binance Vs US SEC
Judge Considers Ripple Ruling in the SEC Vs Binance Lawsuit Judge Amy Berman Jackson has denied a motion to intervene in the US SEC enforcement action against Binance filed by Eeon, according to a court filing. advertisement On July 27, defendants Binance Holdings and Changpeng “CZ” Zhao opposed a request to intervene by Eeon, giving three reasons to the court to deny the motion. Plaintiff the SEC also requested the court to deny the petition as per the Exchange Act and counterclaims seeking relief from the SEC and Binance . Judge Jackson agreed with Binance and US SEC’s response that the law prohibits the consolidation of a private action with one brought by the SEC without its consent. She also cites cases such as US SEC v. Ripple Labs preventing private cross-claims, counter-claims, and third-party claims to SEC enforcement actions. “The SEC’s response 92 (“SEC Opp.”). Section 21(g) of the Exchange Act provides th...