• Binance’s CEO has first responded to the SEC lawsuit.
• The judgment relies on the U.S. District Court against this case.

As of now, the top cryptocurrency exchange, Binance has submitted its responses against the lawsuit claimed by the Securities and Exchange Commission (SEC). The CEO of Binance, Changpeng Zhao reached out to the court responses and it seems the heat of the moment. 

Considerably, the judgment relies on the U.S. District Court once after the hearing at Washington D.C. earlier today. However, the case will be processed ahead concerning the arguments and discrepancy between Binance and the SEC.   

Once after receiving the complaint, Binance assured its investors that they prefer safety and provide ensured systems for deposits and withdrawals. Yet, the SEC complaint was truly disappointing, said Changpeng Zhao lately. 

Following the deadline for Summons issued by the U.S. District Court, Binance CEO has now published his response. Zhao confirmed that there is no FUD on submitting the response whereas it is the procedure that is ‘nothing new’. 

Currently, Binance looks ahead to proceed with the case of the SEC lawsuit against them as per the court judgment concerning the arguments that have passed so far.

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