Attorney Files Pro Hac Vice Motion in Binance v. SEC Lawsuit

Attorney Andrew Rhys Davies has filed a motion to appear pro hac vice in the Binance v. U.S. Securities and Exchange Commission (SEC) lawsuit.

The counsel enters the scene as BinanceUS seeks a protective order from the court in response to the SEC’s violation of the consent order.

Andrew Rhys Davies, according to a new filing in the Binance v. US SEC lawsuit dated August 22, has filed a motion for leave to appear pro hac vice.

The attorney has arrived to represent BAM Management US Holdings and BAM Trading (Binance.US).

Andrew Rhys Davies is an attorney at Wilmer Cutler Pickering Hale & Dorr LLP (WilmerHale), according to his declaration.

He has experience with international securities, banking, and financial regulation cases.

In the meantime, Judge Amy Jackson has referred Magistrate Judge Faruqui Binance.US’s motion for a protective order.

Binance.US argues that the SEC is exceeding the agreed-upon consent order, requests that the court prohibit depositions of Binance.US’ CEO and CFO, and rejects the SEC’s irrelevant demands.

Binance is anxious to diminish the SEC’s sway over the digital asset industry.

Coinbase, Ripple, and Binance have filed motions to dismiss their respective lawsuits, arguing that the SEC and CFTC are acting outside their regulatory supervision and authority.

Investors in cryptocurrencies contend that the SEC’s enforcement actions have hurt them rather than protected them.

The prediction of former SEC chief John Reed Stark that Judge Jackson will refer Binance’s request for a protective order to Magistrate Judge Faruqui is accurate.

Stark believes the judge will require Binance to provide the SEC with most of its requests. However, the judge may eliminate requests that are duplicative or excessively broad.

He believes DOJ litigation is imminent and that it will have the most significant impact on Binance.

According to reports, the U.S. Department of Justice (DOJ) accuses Binance of violating U.S. sanctions against Russia. Stark believes it is probable that the DOJ will file a lawsuit against Binance.