added Martin Grant, a one-time Federal Reserve Bank of New York official who spent 17 years as its chief compliance and ethics officer, to its board of directors, the exchange announced Tuesday.
In a statement, Grant said,"the American digital asset industry is at an inflection point, and I am excited to help guide the future of one of the country’s most influential and customer-centric crypto platforms." The exchange is currently battling the U.S. Securities and Exchange Commission in court as the federal regulator continues its efforts to have U.S. crypto trading platforms abide by national securities exchange rules. The SEC alleged last year that Binance.US are operating as unregistered brokers, exchanges and clearinghouses, a view that at least one federal judge deemed plausible in the Coinbase case.
"My view is they did not provide very clear guidance to the markets about what was, which digital assets were securities or not," Reed said."They relied on this Howey case about an orange grove that was decided in 1946 under very different factual circumstances, very different legal circumstances."
Source: Digital Coin News (digitalcoinnews.net)
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