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In a surprising turn of events, Binance, one of the world's largest cryptocurrency exchanges, has disclosed that SEC Chair Gary Gensler had previously offered to serve as an "informal advisor" to the company.
Binance's legal team argues that this history between Gensler and Binance's founder calls for Gensler's recusal from the ongoing legal proceedings.
Who approached whom?
The escalating legal battle between Binance and the SEC, along with the recent petition filed by Coinbase seeking clarity on crypto rulemaking, adds further intrigue to the situation.
Binance's revelation contradicts earlier reports, suggesting that SEC Chair Gensler initiated the offer to be an advisor. Binance's legal team expresses frustration over the SEC's lack of confirmation regarding Gensler's recusal.
Meanwhile, Coinbase files a petition seeking SEC clarification on crypto rulemaking. The disclosure and ongoing legal battle between Binance and the SEC have had a significant impact on the cryptocurrency community, with anticipation building for updates as court hearings draw closer.
Binance's legal team argues that this history between Gensler and Binance's founder calls for Gensler's recusal from the ongoing legal proceedings.
Who approached whom?
The escalating legal battle between Binance and the SEC, along with the recent petition filed by Coinbase seeking clarity on crypto rulemaking, adds further intrigue to the situation.
Binance's revelation contradicts earlier reports, suggesting that SEC Chair Gensler initiated the offer to be an advisor. Binance's legal team expresses frustration over the SEC's lack of confirmation regarding Gensler's recusal.
Meanwhile, Coinbase files a petition seeking SEC clarification on crypto rulemaking. The disclosure and ongoing legal battle between Binance and the SEC have had a significant impact on the cryptocurrency community, with anticipation building for updates as court hearings draw closer.
