Crypto exchange Binance reiterated concerns of a potential conflict of interest that it highlighted four months ago.
Binance argued in February, and again earlier this month, that SEC Chairman Gary Gensler should recuse himself from the SEC lawsuit against the exchange.
“As we conveyed nearly four months ago, Mr. Gensler should have been recused from any consideration in this matter based on this history and the prospect that Mr. Gensler may be a material fact witness,” the exchange’s lawyers wrote. The exchange said that Gensler remained in contact with Zhao, who believed he was an informal advisor to the exchange.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
SEC Chair Allegedly Once Offered to Be Binance Advisor, Is Personal Vendetta at Play?SEC Chairman Gary Gensler allegedly once offered to be Binance advisor, will this affect lawsuit?
Read more »
SEC, Gensler-themed memecoins surge amid Binance and Coinbase lawsuitsGary Gensler and SEC-themed memecoins have surged in value as risk-hungry crypto investors seek to capitalize on the financial regulator’s enforcement actions against Binance and Coinbase.
Read more »
SEC's Gensler claims ‘parallels’ between Binance and FTX, yet one wasn't suedSEC chief Gary Gensler said both exchanges featured a model that “bundles and commingles functions” that wouldn’t be allowed in traditional finance.
Read more »
Binance lawyers allege SEC Chair Gensler offered to serve as advisor to crypto company in 2019Years before he began taking on Binance as head of the SEC, Gary Gensler offered to advise the company, according to the crypto exchange's lawyers.
Read more »
SEC chair Gensler offered to serve as an advisor to Binance in 2019: Lawyers claimYears before he served as the head of the SEC, Gary Gensler offered to be an advisor at Binance, claim lawyers from the crypto exchange.
Read more »
Gary Gensler says 'we don't need more digital currency'The SEC'S Gary Gensler said “we don’t need more digital currency' after the agency announced lawsuits against both Binance and Coinbase.
Read more »