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 to a Binance attorney and they are earmarking $1B to fight the SEC. They could basically hire every major law firm at once to fight for them.
Just imagine @ripple has wiped the floor with them with only $150M
— Ben Armstrong (@Bitboy_Crypto) June 9, 2023
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:
Commentators also mentioned the fact that the SEC chairman had previously offered his services to the company:
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.
Source: Cryptocurrency
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