Binance, the world's largest digital currency trading platform, has recently faced a campaign of attacks from the Securities and Exchange Commission (SEC). In response, the company filed a preemptive lawsuit against the SEC on August 14th, accusing the regulatory body of exceeding its jurisdiction and overstepping its role.
Binance is seeking a court order to halt the SEC's investigation. Additionally, the company has raised concerns about the suitability of certain witnesses to testify in this case.
Binance argues that the SEC has overreached its authority and unlawfully interfered with the company's affairs. The company is determined to defend itself and demonstrate that it has not violated any laws or financial regulations.
The situation remains ongoing, and we will closely monitor developments in this case