Bitboy Crypto: BINANCE is ready to spend on the fight against SEC $1 billion – Bits Media

Binance crypto giant allocates a lot of money for lawsuit with the US Securities and Exchange Commission (SEC), reported by the creator of the Bitboy Crypto YouTube channel with reference to the company's lawyer.

“I talked with the lawyer Binance: They highlighted $1 billion to combat SEC. In fact, The exchange could hire All major law firms at once, so that they fight for the company ", - wrote Ben Armstrong (Ben Armstrong) on twitter.

For comparison, Ripple spent on fighting the same American regulator in the courts of total $150 million, Added cryptocurrency influuanser.

Previously, the US Securities and Exchange Commission (SEC) sued Binance and its founder Chanpan Zhao (Changpeng Zhao), And later a similar lawsuit was filed against the Coinbase Exchange. Then the SEC demanded to freeze binance assets. Soon, the American Binance division reported the imminent disconnection of deposits in US dollars by the will of banking partners.

Meanwhile, Binance lawyers provided information about, what in 2019 For a year, SEC chairman Gary Gensler offered himself as an adviser to a cryptocurrency exchange. Hensler was appointed head of SEC in 2021 year President Joe Biden (Joe Biden), and in 2023 year, the official touched the crypto industry harshly, Having sued numerous companies for the alleged sale of unregistered securities.