- The blogger claims that he talked about this with the company’s lawyer
- With this money, the exchange can hire all the agencies from Wall Street.
- For comparison, Ripple has allocated “only” $150 million to litigate with the SEC.
Well-known blogger Ben “BitBoy Crypto” Armstrong said he had discussed with a Binance representative the prospects for litigation with the SEC. According to him, the exchange is “fully armed” and is ready to allocate $ 1 billion for this. The news caused a stream of jokes in the cryptocurrency community.
“I spoke with a Binance lawyer. They have allocated $1 billion to fight the SEC. In fact, they could hire all the major law firms at once to act on their behalf. Just imagine, but Ripple “mopped the floor” with them (SEC) for only some $150 million” — noted blogger on his Twitter page.
Note that the information has not yet been commented on by Binance. However, there is no reason not to believe BitBoy Crypto, since this is a blogger with a fairly large audience, albeit one distinguished by somewhat odious antics.
The news caused a flurry of jokes from the audience, for example:
“$1 billion, right? I wonder how many of this means of customers?
Commentators also mentioned the fact that the SEC chairman had previously offered his services to the company:
“One billion dollars is a hell of a lot. Hiring Gary Gensler as an advisor would have cost them a lot less.”
Remarkably, the majority of commenters supported Binance. Recall that the SEC (Securities and Exchange Commission) filed a lawsuit against the exchange, as well as its CEO. The regulator also demanded to freeze the assets of Changpeng Zhao and the American division of the exchange. Presumably, the meeting on this issue will be held today, June 9.