Federal Judge Denies Binance Attorney's Request to Condemn SEC Press Release

The federal judge presiding over the U.S. Securities and Exchange Commission’s (SEC) case against Binance and Changpeng Zhao has rejected a request by Binance’s lawyers to condemn language used by the regulator in a press release. Lawyers for Binance questioned the language the SEC used to describe Binance’s alleged mixing or transfer of client assets from the exchange to “investment vehicles controlled by Changpeng Zhao,” with the judge stating that “while all attorneys in this case should always abide by their ethical obligation, but it's unclear whether the court would need to intervene to reiterate that point, or whether it would be necessary or appropriate for the court to step in to change the wording of both parties' press releases, and it's unclear whether the agency's public relations efforts to date will have any impact on the lawsuit in this case. program has a significant impact".