By Chris Prentice and Jody Godoy
Binance is due to square off against the U.S. Securities and Exchange Commission in a Washington courtroom on Friday, marking the second high-profile hearing this week involving the regulator and a top crypto exchange.
The world’s largest crypto exchange will urge a federal judge to toss a lawsuit the SEC filed against it in June. The regulator accused Binance, its CEO and founder Changpeng Zhao and Binance.US’s operator of artificially inflating its trading volumes, diverting customer funds, failing to restrict U.S. customers from its platform and misleading investors about its market surveillance controls. Binance was also accused of facilitating trading of several crypto tokens the SEC deemed securities.
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