In a recent filing, the U.S. securities regulator accused Binance.US—including BAM Trading and BAM Management US Holdings—of refusing to provide disclosures mandated by the court concerning its customer assets.
Two prominent U.S. senators are calling for the Justice Department to investigate Binance over false statements the company made to lawmakers on March 1 when it responded to a Congressional inquiry about its business practices.
The summons to Changpeng Zhao and his Cayman-based Binance Holdings Ltd formally alerts the defendants that they have 21 days following service to respond to the SEC's complaint.
