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Meet the Judges Who Will Preside over Coinbase and Binance’s SEC Trials

admin by admin
June 8, 2023
in CryptoCurrency
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Meet the Judges Who Will Preside over Coinbase and Binance’s SEC Trials
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Court filings have revealed the names of the two United States District Court judges who will preside over the Coinbase and Binance lawsuits by the US Securities and Exchange Commission.

The SEC vs. Coinbase case will be heard by District Court Judge Jennifer H. by Rearden. sawdust Show.

Meanwhile, District Court Judge Amy Berman Jackson will be presiding over the SEC v Binance case in the District of Columbia. According for the most recent filing.

SEC v Coinbase: Judge Jennifer H. rearden

Judge Reardon, age 53, was appointed as a United States District Judge in January 2022. In the US, district judges are appointed by the chief justice of that court.

While Rearden’s tenure has been fairly short, he recently ruled on a crypto-related case that involved a brush with Binance.US.

On March 27, Rearden approved the US DOJ’s emergency motion to temporarily freeze a $1.03 billion deal between Binance.US and bankrupt crypto lending platform Voyager Digital.

The decision meant that affected Voyager customers would have to wait longer for payments.

Rearden applied the “balance of hardship” test to decide in favor of the US government:

Judge Reardon recognized that the public interest was more at risk than the sovereign interests of Voyager customers. Source: Court Listner.

This later proved to be a deal breaker for Voyager, with Binance.US pulling out of the deal a month later citing a “hostile and uncertain regulatory environment in the United States” for its change of heart.

Voyager’s bankruptcy plan was finally approved on 17 May – though not by Reardon.

Prior to serving as a judge, Rearden worked as a commercial litigator and received his Juris Doctorate from New York Law School in 1996.

It should be noted that a judge’s background, experience, or past decisions in other cases are not indicative of the outcome of future cases.

SEC v Binance: Judge Amy Berman Jackson

Judge Jackson, aged 68, was appointed as a United States District Judge in March 2011 by former US President Barack Obama. Prior to this, he received his Juris Doctorate from Harvard Law School.

while Jackson has provided Opinion Of the 888 cases, it appears that none of them are related to controversies related to cryptocurrencies.

However, he has decided on several highly-politicized controversies in recent times.

Jackson sentenced Paul Manafort Jr. and Roger J. Stone Jr. – former advisers and friends to former US President Donald Trump – to 43 and 40 months in prison, respectively, in 2019 on a series of charges related to the Russia investigation.

Trump shared the negative sentiment towards Jackson and his decision.

Jackson in May allowed A motion filed by the US Department of Justice (DOJ) to block a statement by former US President Donald Trump related to two other lawsuits filed by former FBI officials.

Jackson served as an assistant to the US Attorney in DC between 1980-1986.

While there, he received Justice Department Special Achievement Awards for his work on several high-profile murder and sexual assault cases.

Connected: US Federal Judge Approves Justice Department Criminal Complaint Over Using Crypto To Evade Sanctions

The SEC sued both Binance on June 5 and Coinbase on June 6, alleging that the exchanges broke various securities regulations, specifically for offering cryptocurrencies that the regulator considers unregistered securities.

Binance was accused of operating illegally in the United States.

Both Binance and Coinbase have confirmed that they will “vigorously” defend the lawsuits filed against them.

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