He Yi: The SEC is a civil lawsuit, just like Ripple, slowly going through the legal process

2023-11-22 11:47:09

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ChainCatcher message, regarding the discussion in the community about the SEC's subsequent regulation, Binance co-founder He Yi stated, "The SEC is a civil lawsuit, and we will take our time in court. It's just like Ripple."

In addition, He Yi mentioned in the community, "We were not compliant enough in the early days, and mistakes come with consequences. Binance hasn't touched user funds and hasn't manipulated the market; being compliant makes us a good player. This isn't just about Binance; first it was BitMEX, now it's Binance, one after another. Now we have a compliant Binance, and a new chapter is opening."

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