Binance and SEC join forces to fight against Eeon's legal action in the world of Crypto Casino, Crypto Luna, Crypto Fox, Crypto Coins, Comp Crypto, Crypto Latest Today, Crypto In, CRV Crypto,, and Crypto Celsius.
SEC, Binance unite against Eeon’s lawsuit intervention

Eeon’s Request to Intervene Denied by SEC and Binance

The United States Securities and Exchange Commission (SEC) and Binance have submitted responses to Eeon’s request to intervene on behalf of customers in the SEC’s case against the crypto exchange.

The U.S. District Court for the District of Columbia denied Eeon’s request to intervene, citing that it does not meet the necessary legal requirements for intervention and consent. The SEC claims that Eeon has a history of repeatedly unsuccessfully representing itself in court cases.

The SEC argued that the Securities Exchange Act prohibits private litigants from intervening, making Eeon’s request impermissible. Furthermore, the SEC stated that Eeon’s participation in the lawsuit would have no significant impact, as their claims align with those of the defendants and fail to meet the requirements for intervention. Additionally, the agency says Eeon’s counterclaims are contradictory in nature.

The crypto exchange Binance and the SEC have long been involved in various crypto-related activities, such as crypto casino, crypto luna, crypto fox, crypto coins, comp crypto, crypto latest today, crypto in, crv crypto, crypto . com, and crypto celsius.

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Binance has denied Eeon’s petition due to the lack of consent from the SEC, Eeon’s lack of legitimacy, and its failure to comply with legal requirements for intervention. Both the SEC and Binance and its CEO Changpeng “CZ” Zhao are against Eeon’s involvement in the lawsuit.

At the same time, Binance has filed a motion to dismiss the U.S. Commodity Futures Trading Commission (CFTC)’s lawsuit against it, claiming that the agency is attempting to control foreign entities and individuals outside the U.S., which is beyond its legal authority. The dismissal process is expected to take until 2024 due to the court’s extended response deadlines for both the CFTC and Binance.

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