Binance responded to the SEC’s supplementary brief: The settlement agreement with the U.S. Department of Justice has no substantial connection with the SEC’s charges

Odaily News Binance submitted documents to the U.S. District Court for the District of Columbia, stating that Binance’s previous settlement agreement with the U.S. Department of Justice (DOJ) and the Financial Crimes Enforcement Network (FinCEN), an agency of the Treasury Department, is not consistent with the SEC’s charges against Binance. Substantial connection, the SEC’s supplementary brief did not provide new effective evidence in this case. Earlier news, the U.S. SEC said that Binance Holdings Ltd. recently reached a $4.3 billion settlement agreement with the Department of Justice and other U.S. authorities, supporting its lawsuit against the exchange. Although the SEC was not involved in the agreement, it argued that the federal court in Washington hearing the case should weigh depositions made by Binance and its former CEO CZ in the Nov. 21 settlement. The company and CZ have asked the court to dismiss the SECs lawsuit. Binance’s settlement with the U.S. government ends years of investigations by various departments of the Justice Department, the Treasury Department, and the CFTC, although the agreement does not include the SEC, which sued Binance and CZ in June this year.