The U.S. Securities and Exchange Commission (SEC) lawsuit against Binance has seen new developments, with a third party “Eeon” seeking to intervene in the case on behalf of clients.
The U.S. SEC filed a lawsuit last month against Binance Global, Binance.US and CEO Changpeng Zhao on 13 counts, including misleading investors and violating securities laws.
According to a filing in the District Court of the District of Columbia, Nevada-based legal entity “Eeon” filed a motion on behalf of clients to intervene in the SEC’s lawsuit against Binance Holdings.
The petitioners argued that the SEC and Binance’s attorneys represented their interests and that no one was attempting to speak on behalf of clients.