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by codehalo 1108 days ago
The burden is on SEC to prove these allegations. If they took YOU to court, calling YOU a thief, you would expect the burden to be on them, right?
2 comments

Yes of course. That is why I used the word "alleged".

My point stands, the SEC is not going after Binance just for "being above board but not getting the right license".

The SEC has done nothing in good faith with regards to crypto in the last 8 years.
>The burden is on SEC to prove these allegations. If they took YOU to court, calling YOU a thief, you would expect the burden to be on them, right?

WELL, the former CEOs of Binance.US who quit after realizing CZ was the real CEO against what was supposed to be the real setup seem to have testified to the SEC...along with hints the SEC has a big pile of private messages.

A lot of “decent” people here would testify against their mother if the SEC showed up. I’m not convinced. Gensler is a fraud who is captured by monied interests. He is on your side for now, given that many here share the “MIT crypto teacher” desire to destroy that industry. Let’s see how it all plays out.