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Lawyers representing Binance.US believe that, overall, the SEC’s moves so far would do more harm than good for its bidding. Binance.US has claimed that the United States Securities and Exchange Commission’s (SEC) requests have been “unreasonable” with most of its requests. This is according to sealed documents filed by attorneys of
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Grayscale countered that argument Friday. It said that "a successful manipulation of prices in the spot bitcoin market would necessarily affect the price of bitcoin futures as well – and, therefore, the value of bitcoin futures ETPs’ holdings." Grayscale called the SEC's reasoning "illogical." Source
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The user, who goes by CoinMamba on Twitter, is, according to their profile, a futures trader and crypto investor. The user started tweeting about Binance after claiming to lose funds from their Binance account Tuesday due to a leaked API key that was tied to crypto trading platform 3Commas. The
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