Binance US, Anti -argument

On June 12, 2023, Crystal Asset Exchange, filed by the United States Securities and Exchange Commission (SEC), filed a court document on June 12, 2023 with the court. .

Emphasize that BAM's client assets are not at risk

The US SEC submitted an urgent request for "BAM" related assets to be frozen on the 6th of this month to the court, but at the beginning of the submitted documents this time, "SEC Assets froze". The request should be denied for many reasons, But the most important is that "Bam's customer assets are not at risk."

Question about US SEC complaint timing

Binance side claims that "there is no emergency in the US SEC" ? "]."Why the sudden emergency overlap when the SEC attacks the entire cryptocurrency industry? It was also pointed out that "the explanation of the SEC complaint and the asset freeze order do not answer basic question" Why now? "

It also points out the dangers of US SEC measures

Binance also pointed out that “US SEC behavior is dangerous

panic selling and the instability of the cryptocurrency market" and "the SEC's desired Board requests are too much and the burden is too great. The SEC does not need to obtain published evidence from BHL or Zhao .Relevant evidence required by the SEC is held by BAM. "