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Investor Choice Advocates Network (ICAN), a nonprofit public interest litigation organization, filed an amicus brief on Sept. 28 in support of Binance's motion to dismiss the lawsuit filed against it by the U.S. Securities and Exchange Commission (SEC). ICAN said it filed the brief due to concerns that the SEC's "ambiguous and expansive" application of existing securities laws could negatively impact investors and individuals wishing to participate in the digital asset industry.
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WASHINGTON (Legal Newsline) — The Securities and Exchange Commission (SEC) announced Dec. 4 that Anton & Chia LLP, an audit firm based in California, will be charged with conducting flawed audits and reviews of financial statements.