Binance wants the court to know US government’s position on USDC

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Binance wants the court to know US government’s position on USDC
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Lawyers representing Binance and Changpeng Zhao brought up the U.S. government’s arguments in prosecuting Avraham Eisenberg as part of the exchange’s case with the SEC.

The U.S. government’s arguments on stablecoins in an unrelated criminal case could bolster Binance’s position in its civil case with the SEC.have filed notice with the court in its case with the United States Securities and Exchange Commission to establish the government’s position on stablecoins as a security.a Notice of Supplemental Authority, bringing the court’s attention to the U.S. government’s arguments in its criminal case against Mango Markets exploiter Avraham Eisenberg.

, Treasury Department and Commodity Futures Trading Commission in November 2023 for $4.3 billion. Zhao stepped down as CEO of the crypto exchange and pleaded guilty to one felony count as part of the deal. He is scheduled to be sentenced on April 30.after the firm said it intended to cease all transactions in the local fiat currency, the naira.

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