Kendall Day will appear in the SEC case as an advisor to Binance, according to the. He is now a partner in the Washington office of Gibson Dunn & Crutcher, and was formerly a deputy assistant attorney general in the Justice Department’s Criminal Division, where he worked for 15 years.<br
During his time at the Justice Department, Day served as chief of the Money Laundering and Asset Recovery Unit. His tasks included reviewing money laundering charges, issuing a deferred prosecution agreement and a non-prosecution agreement.
Binance is apparently assembling a powerful legal team to confront the SEC, which accuses the exchange and its founder, Changpeng Zhao, of creating a “deception network,” inflating trading volume, diverting customer assets and trading in unregistered securities. Binance is determined to stand up to the U.S. regulator and is willing to spend $1 billion to fight the SEC;
Binance’s U.S. unit recently hired a lawyer who worked for the SEC from 2009 to 2014. George Canellos led a team of lawyers specializing in litigation and arbitration to work on the regulator’s lawsuit. He previously served four and a half years as director of the SEC’s Division of Enforcement and oversaw major cases.