Binance.US has vowed to defend itself against the US Securities and Exchange Commission (SEC) after a court ruling allowed the regulatory body's case against the crypto exchange to proceed. The US arm of Binance has criticized the SEC's enforcement tactics, accusing it of politically motivated overreach. Despite this, Binance.US remains optimistic, stating that it has operated its business in compliance with the SEC's limited guidance and maintains 1:1 reserves for all customer assets.

Last June, the SEC filed a lawsuit against Binance and its founder Changpeng "CZ" Zhao, alleging violations of US securities laws. The SEC also claimed that Binance's global entity employees could improperly access and control Binance.US customer assets. Binance.US, however, insists that the SEC has not identified any evidence of wrongdoing throughout the 11-month discovery process.

In September, Binance contested the SEC's claim and requested the case's dismissal, arguing that the SEC was overreaching its jurisdiction. However, the majority of the SEC's lawsuit will proceed. Binance.US remains confident that the SEC's case is unsupported by facts or law and believes this position will be validated by the court.