{"id":157810,"date":"2023-09-18T12:59:12","date_gmt":"2023-09-18T07:29:12","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=157810"},"modified":"2023-09-18T12:59:12","modified_gmt":"2023-09-18T07:29:12","slug":"former-sec-official-john-stark-on-binance-vs-us-sec-hearing-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/former-sec-official-john-stark-on-binance-vs-us-sec-hearing-crypto-news\/","title":{"rendered":"Former SEC Official John Stark On Binance Vs US SEC Hearing – Crypto News"},"content":{"rendered":"

<\/p>\n

\n

Former US SEC enforcement chief John Reed Stark during an X Space said the U.S. Securities and Exchange Commission (SEC) lawsuit against Binance will witness a drama on Monday. Stark believes the SEC has a better chance against Binance as the exchange is accused of non-cooperating.<\/p>\n

Moreover, Magistrate Judge Faruqui has ordered the SEC<\/a> to \u201cshow cause\u201d to maintain sealed or redacted documents related to the motion to compel, seeking depositions from Binance.US CEO and CFO.<\/p>\n

<\/p>\n

Former SEC Official on Binance Vs US SEC<\/h2>\n

In an X space on September 18, former US SEC enforcement chief John Reed Stark discussed and answered questions related to market manipulation, the Binance Vs SEC lawsuit, and other enforcement actions by the SEC.<\/p>\n

Regarding the US SEC v. Binance lawsuit, Stark believes<\/a> the SEC\u2019s argument on depositions from Binance.US CEO and CFO, crypto custodian Ceffu\u2019s (formerly Binance Custody) used for Binance.US, and interrogatories. He said the SEC has the luxury of judicial oversight in the Binance case and hearing on Monday is crucial for both parties.<\/p>\n

According to the last filing, Magistrate Judge Faruqui has asked the SEC to show cause related to the motion to compel, arguing that Binance has failed to cooperate and share details as per the earlier agreed-upon consent order.<\/p>\n

<\/p>\n

\n

\u201cYou could refer that to the criminal authorities and say, look, Binance is lying to us in their depositions. So they violate a bunch of things because they did that. They\u2019re lying to us in the documents subpoenas but they\u2019re withholding certain documents that are relevant, and they\u2019ve taken other steps to either mislead us or obstruct our investigation and then you get to this kind of process-related crime.\u201d<\/p>\n<\/blockquote>\n

At 3:00 PM, the Magistrate Judge is going to hear arguments from the SEC on non-cooperation from Binance. John Reed Stark said the Binance lawsuit will end sooner than Coinbase, as there is a fraud allegation against Binance. The SEC will surely attack Binance\u2019s action to withhold details while their auditor has revealed more information.<\/p>\n

<\/p>\n

Read More: \u201cExpect Some Fireworks\u201d at Next Binance Vs SEC Hearing: Ex-SEC Official<\/a><\/strong><\/p>\n

Binance Rejects SEC\u2019s View on Discovery Requests<\/h2>\n

Binance.US filed a motion for a Protective Order to dissuade the market regulator from accessing some of its business files and content. Binance asserts the SEC seeking more information is against the consent order.<\/p>\n

A possible decision on the protective order<\/a> and motion to compel to reveal more documents and dispositions from executives. However, Binance continues to fight against the SEC\u2019s plan to gain jurisdiction over the crypto industry.<\/p>\n

Also Read: BTC Price Set for Rally to $31,000, Key Events to Watch This Week<\/a><\/strong><\/p>\n

<\/p>\n

\n
\n

\u2713 Share:<\/p>\n

<\/a><\/p>\n

\n
\n \"coingape\"
\n<\/a>\n <\/div>\n<\/p><\/div>\n<\/p><\/div>\n

<!– <\/p>\n

\n
\n
\n
\n

<\/p>\n

\"\"\"\"<\/div>\n
Top Crypto Marketing Firms \/ Agencies 2023; Here\u2019s Best Picks [Updated]\n <\/div>\n

<\/a><\/p><\/div>\n<\/p><\/div>\n

\n
\n

<\/p>\n

\"\"\"\"<\/div>\n
Top 10 Web3 Games To Explore In 2023; Here List\n <\/div>\n

<\/a><\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n

–><\/p>\n

\n
\n
\n
\n
\n<!–<\/p>\n
<\/div>\n

–><\/p>\n

Varinder has 10 years of experience in the Fintech sector, with over 5 years dedicated to blockchain, crypto, and Web3 developments. Being a technology enthusiast and analytical thinker, he has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers. With CoinGape Media, Varinder believes in the huge potential of these innovative future technologies. He is currently covering all the latest updates and developments in the crypto industry. <\/p>\n<\/p><\/div>\n

\n \"\"\"\" <\/div>\n<\/p><\/div>\n<\/p><\/div>\n
\n

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n

<!– <\/p>\n

\n
\n Crypto Stories<\/span><\/p>\n

View all<\/a>\n <\/div>\n

\n
\n
\n
\n <\/p>\n
\"twitter_is_now_worth_just_33__of_elon_musk___s_purchase_price_720\"\"twitter_is_now_worth_just_33__of_elon_musk___s_purchase_price_720\"<\/div>\n
Twitter is now worth just 33% of Elon Musk\u2019s purchase price <\/div>\n

<\/a>\n <\/div>\n<\/p><\/div>\n<\/p><\/div>\n

\n
\n
\n <\/p>\n
\"will_cramer_curse_strike_again_720\"\"will_cramer_curse_strike_again_720\"<\/div>\n
Will Cramer Curse Strike Again? <\/div>\n

<\/a>\n <\/div>\n<\/p><\/div>\n<\/p><\/div>\n

\n
\n
\n <\/p>\n
\"mercedes_benz_to_release_nft_collection_with_fingerprints_dao_720\"\"mercedes_benz_to_release_nft_collection_with_fingerprints_dao_720\"<\/div>\n
Mercedes Benz To Release NFT Collection With Fingerprints DAO <\/div>\n

<\/a>\n <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n

–><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

Former US SEC enforcement chief John Reed Stark during an X Space said the U.S. Securities and Exchange Commission (SEC) lawsuit against Binance will witness a drama on Monday. Stark believes the SEC has a better chance against Binance as the exchange is accused of non-cooperating. Moreover, Magistrate Judge Faruqui has ordered the SEC to […]<\/p>\n","protected":false},"author":2,"featured_media":157197,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-157810","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/157810","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=157810"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/157810\/revisions"}],"predecessor-version":[{"id":157816,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/157810\/revisions\/157816"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/157197"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=157810"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=157810"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=157810"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}