According to the latest reports, it seems that the SEC has just asked for permission to hunt down Binance’s Changpeng Zhao. Check out the latest reports about this below.
SEC hunts down Binance’s CEO
The U.S. Securities and Exchange Commission (SEC) has been reportedly asking the courts for permission to track down Binance CEO Changpeng Zhao in an “alternative” manner.
As the online pubcalition the Daily Hodl notes, “in a new court filing, the SEC asks the District of Columbia Court for permission to freeze the assets of the companies operating as Binance.US: BAM Trading and BAM Management, as well as be able to serve Binance CEO Changpeng Zhao via unspecified non-traditional methods.”
The very same notes revealed the fact that in the document, the SEC says it wants to “exercise its equitable power” to “repatriate and freeze” the assets of BAM Management and BAM Trading and compel the firms to provide full accounting information. They also have to refrain from concealing or destroying any relevant documents.
More than that, it has also been revealed the fact that the regulatory agency is also seeking the court’s permission to serve Binance and Zhao “via alternative mea.” However,gh it’s unclear what exactly is implied by such.
SEC and the Crypto impression efforts
It has been just revealed that thr SEC is making massive efforts to support crypto. Check out the latest reports about this.
Cardano (ADA) creator Charles Hoskinson stated that the U.S. Securities and Exchange Commission (SEC) is taking legal action against Binance as part of a broader effort to clamp down on the digital assets industry.
On Monday, the SEC filed 13 charges against the world’s largest crypto exchange and its founder, Changpeng Zhao. This happened for allegedly violating different securities laws. Please take a look at our previous article to learn more details about this.
