SECS. AND EXCH. COMMN. v. BINANCE HOLDINGS LIMITED

Civil Action No. 23-1599 (ABJ).

738 F.Supp.3d 20 (2024)

SECURITIES AND EXCHANGE COMMISSION, Plaintiff, v. BINANCE HOLDINGS LIMITED, et al., Defendants.

United States District Court, District of Columbia.

Signed June 28, 2024.


Attorney(s) appearing for the Case

David A. Nasse, Jennifer L. Farer, Matthew F. Scarlato, Securities and Exchange Commission, Enforcement Division, Washington, DC, Elisa Solomon, John Emmett Murphy, Jorge G. Tenreiro, U.S. Securities Exchange Commission, Division of Enforcement, New York Regional Office, New York, NY, for Plaintiff.

Daniel W. Nelson, Jason J. Mendro, M. Kendall Day, Amy Feagles, Pro Hac Vice, Matthew Gregory, Gibson, Dunn & Crutcher, LLP, Washington, DC, Stephanie Lauren Brooker, Stephanie Brooker, Washington, DC, Mary Beth Maloney, Pro Hac Vice, Gibson, Dunn & Crutcher LLP, New York, NY, Michael D. Celio, Pro Hac Vice, Gibson, Dunn & Crutcher LLP, Palo Alto, CA, Richard W. Grime, Pro Hac Vice, Gibson, Dunn & Crutcher LLP, Washington D.C., DC, for Defendant Binance Holdings Limited.

Andrew M. LeBlanc, Milbank LLP, Washington, DC, Matthew T. Martens, Matthew Beville, Pro Hac Vice, William R. McLucas, Pro Hac Vice, Wilmer Cutler Pickering Hale and Dorr LLP, Washington, DC, Daniel J. Davis, Pro Hac Vice, Katten Muchin Rosenman LLP, Washington, DC, Adam Fee, Pro Hac Vice, Paul Hastings LLP, Los Angeles, CA, Andrew Rhys Davies, Pro Hac Vice, Tiffany J. Smith, Pro Hac Vice, Wilmer Cutler Pickering Hale and Dorr LLP, New York, NY, George Canellos, Pro Hac Vice, Matthew Laroche, Pro Hac Vice, Milbank LLP, New York, NY, Christian Kemnitz, Pro Hac Vice, David Luger, Pro Hac Vice, Levi Giovanetto, Pro Hac Vice, Sheehan H. Band, Pro Hac Vice, Katten Muchin Rosenman LLP, Chicago, IL, for Defendants Barn Trading Services Inc., Barn Management U.S. Holdings Inc.

Abid Riaz Qureshi, Eric Solomon Volkman, Michael E. Bern, William R. Baker, III, Latham & Watkins LLP, Washington, DC, Benjamin Naftalis, Pro Hac Vice, Douglas Yatter, Pro Hac Vice, Latham & Watkins LLP, New York, NY, Heather A. Waller, Pro Hac Vice, Latham & Watkins, Chicago, IL, Melanie Blunschi, Pro Hac Vice, Latham & Watkins LLP, San Francisco, CA, for Defendant Changpeng Zhao.

Andrew Kim, Goodwin Procter LLP, Washington, DC, for Amicus Paradigm Operations LP.

Daniel Kaleba, Pro Hac Vice, Circle Internet Financial, Boston, MA, Jeremy J. Gray, Pro Hac Vice, Circle Internet Financial, LLC, Boston, MA, Eric Tung, Pro Hac Vice, Jones Day, Los Angeles, CA, Heath Price Tarbert, Pro Hac Vice, Circle Internet Financial, Kenilworth, IL, Jacob M. Roth, Jones Day, Washington, DC, Alexis Zhang, Washington, DC, Mark W. Rasmussen, Pro Hac Vice, Jones Day, Dallas, TX, for Amicus Circle Internet Financial LLC.

David Emerson Kirk, Pro Hac Vice, Kirk & Ingram, LLP, New York, NY, John Tucker Farnum, Miles & Stockbridge PC, Washington, DC, Michael Ingram, Pro Hac Vice, Kirk & Ingram, LLP, Santa Monica, CA, for Amicus Investor Choice Advocates Network.

Steven F. Gatti, Pro Hac Vice, Weisiyu Jiang, Clifford Chance U.S. LLP, Washington, DC, for Amicus Chamber of Digital Commerce.

Jeffrey B. Dubner, Democracy Forward Foundation, Washington, DC, for Amicus Administrative Law Scholars.

Timothy Parlatore, Parlatore Law Group LLP, New York, NY, for Amicus New Finance Institute.


MEMORANDUM OPINION & ORDER

Plaintiff the Securities and Exchange Commission has brought this action against defendants Binance Holdings Limited, its founder Changpeng Zhao, and two related U.S. entities, BAM Trading Services, Inc. and BAM Management US

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