After the subpoena is served, Binance and CZ will have 21 days to respond, according to the document.
U.S. District Court in Washington, D.C. Issues Summons to Changpeng Zhao
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According to court documents obtained by FOX Business reporter Eleanor Terrett, the U.S. District Court in Washington, D.C. issued a subpoena to Binance CEO Changpeng Zhao on June 7, a move that comes after the U.S. Securities and Exchange Commission ( SEC ) formally sued the exchange for allegedly unregistered securities. After two days of business, it was unclear whether the subpoena had been served.
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