A federal judge has rebuffed Binance’s request to curtail the U.S. Securities and Exchange Commission’s (SEC) use of language pertaining to Binance. US’ management of customer funds in press releases, which the company had argued could hurt it at trial.
D.C. District Court Judge Amy Berman Jackson, who is presiding over the SEC’s case against Binance.US, dismissed the claims, maintaining the court’s mandate is not to “wordsmith” public statements from either of the case’s parties.
“It is not apparent that Court intervention … is needed at this time, or that it is necessary or appropriate for the Court to get involved in wordsmithing the parties’ press releases,” Judge Jackson ruled. “Nor is it clear that the agency’s public relations efforts to date will materially affect proceedings in this case.”
Source: U.S. Judge Rejects Binance. US Complaint Over SEC Press Release on Protecting Customer Money
