SEC and Binance stand firm against Eeon's lawsuit intervention.
The US SEC contends that Eeon has a history of repeatedly representing themselves in court cases, but their claims have consistently been unsuccessful in federal courts. The SEC has urged the court to reject Eeon's petition for several reasons.Firstly, the Exchange Act prohibits private litigants from intervening, making Eeon's request impermissible.
Lastly, Eeon's petition fails to meet the necessary requirements for intervention. Additionally, Eeon's counterclaims, seeking relief against both the SEC and Binance, are contradictory in nature.three grounds for dismissing Eeon's petition. Firstly, the lack of consent from the SEC; secondly, Eeon's failure to establish itself as a legitimate party of interest; and thirdly, the failure to meet the necessary legal requirements for intervention.
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