Binance.US: The SEC's lawsuit is baseless, calling on Congress to intervene and create a viable regulatory framework

ChainCatcher news, Binance.US tweeted that the lawsuit from the U.S. Securities and Exchange Commission (SEC) is baseless and plans to defend itself. Binance.US stated that it has had sincere communication with the SEC for the past two and a half years, hoping to constructively establish a clear and practical regulatory framework that allows similar businesses to grow, create jobs, and provide safe access to digital assets for American consumers.

Binance.US expressed that while it is still willing to compromise, the SEC seems to be "trying to eliminate our industry." Binance.US calls on Congress to intervene and pass bipartisan legislation to create a viable regulatory system for digital assets and to curb excessive bureaucracy. (Source link)