Binance CEO CZ expresses relief as SEC dispute resolved; Focus shifts to future.
, the CEO of Binance, expressed his happiness and sense of relief as the prolonged dispute with the United States Securities and Exchange Commission has been successfully resolved. The SEC's ongoing scrutiny had created a tense and uncertain period for the company, making the resolution a significant milestone.
Nonetheless, as the regulatory uncertainty begins to fade, CZ can now find solace and concentrate on Binance's future. In a tweet, the veteran crypto entrepreneurthat the SEC's emergency relief request was unnecessary, affirming that the mutually agreed-upon resolution would enable Binance to progress unhindered.
In a noteworthy turn of events, Judge Amy Berman Jackson of the US District Court for the District of Columbia has given her approval to the"Proposed Stipulation and Consent Order" that was reached between Binance, Binance.US and the US SEC on Saturday, June 18. Although we maintain that the SEC's request for emergency relief was entirely unwarranted, we are pleased that the disagreement over this request was resolved on mutually acceptable terms.
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