SEC, Binance unite against Eeon’s lawsuit intervention

Both the SEC and Binance are against Eeons petition to step in, pointing out that it does not meet the essential legal requirements for intervention and consent.According to the District Court for the District of Columbia, both Defendant Binance and Plaintiff U.S. SEC objected to Eeons request to intervene in the lawsuit.The United States SEC competes that Eeon has a history of repeatedly representing themselves in court cases, but their claims have actually regularly been unsuccessful in federal courts. Furthermore, Eeons counterclaims, looking for relief versus both the SEC and Binance, are inconsistent in nature.Binance supplied three grounds for dismissing Eeons petition. Source: Court ListenerTherefore, both the plaintiff (SEC) and the offenders (Binance and CEO Changpeng “CZ” Zhao) are united in their opposition to any intervention by Eeon in the SECs suit against Binance and its CEO.Related: Hester Pierce strikes back versus SEC crypto cautioning to accounting firmsIn the meantime, Binance has actually filed a movement to dismiss the claim brought by the US CFTC, arguing that the global crypto exchange is not under the jurisdiction of the CFTC and that the CFTC does not have the right to sue its CEO, CZ.