The U.S. Securities and Exchange Commission (SEC) has requested the court to consider newly unsealed documents in its lawsuit against cryptocurrency exchange Binance and its former CEO Changpeng Zhao (CZ). The SEC argues that the plea agreements made by Binance and CZ with other agencies support its case and should be taken into account. The unsealed documents provide significant evidence against Binance, according to John Reed Stark, former chief of the SEC’s enforcement division. They reveal that Binance and CZ admitted to willfully violating laws and intentionally serving millions of customers in the U.S. The plea agreements also highlight the extensive monitoring and oversight that Binance has agreed to as part of its settlement. This level of compliance could cost the exchange tens or even hundreds of millions of dollars. The SEC believes that the unsealed documents strengthen its case and undermine Binance’s motion to dismiss the lawsuit.

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Information	Details
Geography	North America
Countries	🇺🇸
Sentiment	very negative
Relevance Score	1
People	Changpeng Zhao
Companies	Financial Crimes Enforcement Network (FinCEN), Department of Justice (DOJ), Binance, SEC
Currencies	None
Securities	None