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U.S. Judges to Preside SEC’s Lawsuits Against Binance and Coinbase

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U.S Securities and Exchange Commission’s (SEC) lawsuits against Binance and Coinbase Global Inc. will be presided by two U.S judges at different court districts in U.S.

Notably, the SEC’s lawsuits against Coinbase will be heard in New York, while the SEC’s lawsuit against Binance will be heard in Columbia.

Things to Know about the Presiding Judge for SEC’s Lawsuit Against Coinbase

The SEC’s case with Coinbase will be presided by District Judge Jennifer H. Rearden and heard in the Southern District Court of New York.

Jennifer H. Rearden (aged 53) is a United State District Court Judge at the Southern District Court of New York.

Notably, she was once a commercial litigator before she became a judge.

However, she attended New York Law School in 1996 where she obtained her Juris Doctorate Degree.

She was an associate at Gibson Dunn’s Litigation and Crisis Management Practice Groups from 2003 to 2005.

The president of the United States of America, President Joe Biden nominated Judge Rearden on Jan. 19, 2022, to be the District Court Judge for the Southern District Court of New York.

READ ALSO: Social Media Platforms Advertising Misleading crypto assets

Interestingly, she had ruled a crypto related case that involved binance.US and Voyager Digital.

Rearden on May 27, 2023, approved the U.S Department of Justice to carry out a temporary halt of $1.03 billion deal between Voyager Digital, a bankrupt crypto lending platform and Binance.US.

Things to Know about the Presiding Judge for SEC’s Lawsuit Against Binance

The SEC’s case with Binance will be presided by District Judge Amy Berman Jackson and heard in the District Court of Columbia.

Moreover, District Judge Amy Berman Jackson (aged 68) is an American layer, appointed by the former president of the United States of America, President Barrack Obama in 2011 to serve as the United States District Court Judge for the District of Columbia.

She attended Harvard Law School in 1979 where she got her Juris Doctorate Degree.

Also, she is specialized in criminal and civil cases and served with Trout Cacheris.

She was a member of Howard, Baetjer, Civiletti and Venable.

Interestingly, she had ruled high-profile trials even the case involving the officials of the former president of the United States of America, Donald Trump.

Why SEC Filed Lawsuits Against Binance and Coinbase

The U.S. Securities and Exchange Commission (SEC) filed lawsuits against renowned Binance and Coinbase Global Inc. for reasons that it considered violated what U.S law demands for securities asset.

According to Aljazeera, SEC filed lawsuit against Changpeng Zhao, the CEO and founder of Binance, Binance and Binance.US on June 5, 2023.

However, Aljazeera noted that SEC accused Binance of deploying deception to lure U.S customers to its platform and offered them unregistered securities.

Furthermore, SEC on the next day, June 6, 3023, sued Coinbase Global Inc. alleging it offered and sold unregistered securities.

Notably, SEC stated that Coinbase is not registered with the commission as U.S. law requires it and carried out clearing and brokers functions.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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