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Take it with boulder of salt, as much of this just solicitors' talking. I think the defense is going for the appearance of quid pro quo that failed, followed b
by WaitWaitWha 3y ago
Take it with boulder of salt, as much of this just solicitors' talking.
I think the defense is going for the appearance of quid pro quo that failed, followed by retaliation.
- wslh 3y agoI understand that this issue does not probe anything?
- WaitWaitWha 3y agoI am uncertain of your question, so I will answer as to what I think you are asking. Apologies if I misunderstood. The charges by the US SEC against Biance are "The company failed to register as an exchange and broker-dealer, improperly commingled funds and lacked critical internal controls over its businesses". I am just going to write a timeline here according to this single article & some dates from the US Gov sites (as there are several others that give way more details and slant). 2019-03 Gensler offers to serve as an advisor to Binance’s parent company. Gensler is Professor of the Practice at MIT Sloan School of Management 2019-03 Gensler and Biance CEO Changpeng Zhao meet in Japan for lunch - Zhao & Gensler continue communication Zhao sat down for an interview with Gensler as part of a cryptocurrency course Gensler was teaching at MIT. - 2019-07 Gensler sends Zhao a copy of his intended testimony ahead of the hearing before the US House Financial Services Committee 2019-07 Gensler testifies before the US House Financial Services Committee 2021-02 Gensler gets appointed as head of the US SEC 2023-06 SEC filed 13 charges against Binance and Zhao