On August 28, the US Securities and Exchange Commission (SEC) filed a sealed motion for leave to file documents under seal in its ongoing case against Binance. Following this, former SEC attorney John Reed Stark has revealed what this could mean for the world’s largest crypto exchange by trading volume.
An Impending Criminal Case Against Binance?
In a tweet released on his X (formerly Twitter) platform, Stark stated that the SEC may have chosen to seal those documents because they do not want to interfere or reveal a “criminal investigation or prosecution conducted” by the US Department of Justice (DOJ).
He noted that there could be reason to keep this confidential, especially if the DOJ had already convened a grand jury for the impending criminal, as this information is considered “secret” by the Federal Rule of Criminal Procedure.
Concerning the investigation, the SEC may also be looking to keep these documents under seal, especially if the DOJ is working with confidentia
We współpracy z: https://bitcoinist.com/sec-going-after-binance/
