Binance.US posted on Twitter that the SEC’s lawsuit is groundless and that it will actively defend itself, noting that the SEC’s prosecution “is unreasonable, whether based on facts, law, or the Commission’s own precedent” and that it will seek congressional intervention to pass bipartisan legislation to create a workable regulatory system for digital assets.
In addition, Binance.US also stated that over the past two and a half years, Binance.US has been in sincere contact and communication with the SEC, "and the goal of our contact has always been consistent: to actively cooperate to develop a clear and practical regulatory framework that enables companies like ours to grow and create jobs and enable American consumers to safely access digital assets."
