The former Chief in the SEC Office of Internet Enforcement suggests the SEC has reason for excitement following Binance’s settlement with the U.S. Department of Justice yesterday.
Stark states the SEC now has a treasure trove of Binance-related evidence from various pleadings, including the admittance of the facts in the Nov. 21 plea.
Proof against Binance
Stark reports that the SEC now has a new evidentiary record of wide-ranging allegations and assertions, which together create a cannon fodder for SEC investigators and litigators to strengthen their Binance-related accusations.
As part of this finding, he calls out independent monitorships, specifically in the part of the plea agreement that states Binance must retain a monitor for three years. As just one of multiple monitorships mandated by the U.S. Department of Justice, Stark alleges that the FinCEN and the U.S. The Treasury Department will undoubtedly create extraordinary opportunities for Gary Gensler and the rest of the SEC’s investigative and litigation teams to identify new evidence.
Stark also states that when the SEC references criminal conduct at the world’s largest exchange, the characterizations will now be a fact rather than hyperbole.
Allegations against Zhao
As of June 5, the SEC was alleging that Binance and CEO Changpeng Zhao had woven an “extensive web of deception” by lying to both r
Go to Source to See Full Article
Author: Sarah Jansen
Tip BTC Newswire with Cryptocurrency
Donate Bitcoin to BTC Newswire
Donate Bitcoin Cash to BTC Newswire
Donate Ethereum to BTC Newswire
Donate Litecoin to BTC Newswire
Donate Monero to BTC Newswire
Donate ZCash to BTC Newswire
