Binance.US: A ruling has been prepared regarding the ongoing lawsuit against the SEC, and the case will enter the further evidence disclosure phase.

ChainCatcher news, Binance.US stated on the X platform that the court has ruled that the lawsuit by the U.S. Securities and Exchange Commission (SEC) will proceed. The company is prepared for this and looks forward to the case progressing smoothly through the judicial process. Binance.US emphasizes that it has been serving local customers in accordance with U.S. rules and regulations, maintaining a 1:1 customer asset reserve, and has robust compliance and risk procedures in place.

The company stated that it has been operating in compliance with the limited guidance from the SEC, but unfortunately has become a victim of excessive regulation driven by the SEC's enforcement methods and political motives. Next, the case will enter a further evidence disclosure phase. During the 11-month evidence disclosure process so far, the SEC has found no wrongdoing by Binance.US. The company firmly believes that the SEC's lawsuit lacks factual and legal basis, and that the commission lacks the corresponding authority. Binance.US claims it will continue to serve its customers and launch new features and updates, with a solid business foundation and an unwavering commitment to providing Americans access to digital assets.