The United States Securities and Exchange Commission’s (SEC) recently charged Binance and its founder, Changpeng Zhao, with a variety of securities law violations. In the case, a federal court ordered BAM Trading Services Inc. and BAM Management US Holdings Inc. (collectively “BAM”) to produce a verified written statement and serve the SEC on or before August 1, 2023. Sarah Jansen’s article “Binance US failed to produce accounting statements despite extension,” shared a recent tweet by Joe Carlasare showing that BAM could not meet this deadline, referencing the large amount of information needed for verification. The deadline was rescheduled for August 7, 2023.
You can read the full article on the crypto.news website.