Binance.US: SEC's lawsuit is unfounded, calling on Congress to establish a feasible regulatory system.

According to BlockBeats news on June 6th, Binance.US tweeted that the lawsuit from the U.S. Securities and Exchange Commission (SEC) is baseless and they plan to defend themselves. Binance.US stated that they have had sincere communication with the SEC for the past two and a half years and hope to establish a clear and practical regulatory framework in a constructive manner, allowing similar companies to grow, create job opportunities, and provide secure digital asset access to American consumers. Binance.US stated that although they are still willing to compromise, the SEC seems to be "trying to kill our industry." Binance.US called on Congress to intervene and pass bipartisan legislation to create a feasible regulatory system for digital assets and control excessive bureaucratic behavior.