The SEC and Binance have united against Eeon, stating that the firm does not meet regulatory requirements.
He expressed joint sentiments with the US Securities and Exchange Commission (SEC) against Eeon from popular crypto exchange Binance. The SEC and Binance lashed out at Eeon, who wanted to be involved in litigation on behalf of its clients, for failing to meet legal requirements.
SEC and Binance oppose Eon
The SEC, which is the plaintiff, and Binance, which is the defendant, convened to oppose any action that Eeon might take. The SEC addressed Eeon’s continued representation problems in litigation. Stating that Eeon’s claims have failed each time, the SEC called for the court to dismiss the request.
Binance, on the other hand, gave three reasons for its attitude towards Eeon’o. These reasons include not meeting legal requirements, failing to pass SEC approval, and Eon failing to present itself as an interest party. Additionally, Binance stated that Eeon’s lawsuit is unrelated to the current lawsuit. Expressing the same views on the Eon confusion, SEC and Binance may make a move in the future. It is not yet clear how this situation will affect the crypto industry.
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