TOP secret for Binance

 

We have only managed to rejoice at the success of Grayscale in its long confrontation with the SEC, as we received other news, which is really negative.

The SEC has been working for several months as the main newsmaker in the field of cryptocurrency and blockchain, unfortunately on its initiative is born exceptionally negative news.

So, on Monday, the commission presented to the courts in the case of the SEC vs Binance a sealed folder with secret documents, which observers suggest could dramatically affect the outcome of the trial.

Access to the contents of the folder is restricted. Only authorized persons can view the documents.

I asked the lawyers what that might mean? Never heard of this form of filing. I was told that the case is really rare. This is what you do when, for example, you want to protect a secret witness. Perhaps the regulator is careful not to panic the market.

I think the situation in the United States is not good for Binance. I don’t see any prospects for it in the United States. Such an overly autonomous asset cannot exist on the US market and somehow use the US infrastructure. There will be a legal attack personally on CZ. In fact, the investigation of Department of Justice is already underway, and it is only a matter of time before concrete legal actions begin.

Moreover, the attempts to attack the exchange in all possible jurisdictions will certainly intensify. Binance is preparing for this, and is actively expanding in southeast Asia, the Middle East, and Latin America.

We are going to see a spectacular battle of Binance vs USA. Each side has strong arguments. The power of American justice is known, however, in this case is far from so simple. The American business CZ is already almost destroyed, the European business is in question. Crypto business is cross-border, and the US authorities would least like Binance’s infrastructure to be protected by US opponents. What else will the CZ do in case of charges?

 

Take your popcorn and watch!

 

#Binance #confrontation #SEC