Wake Up Call: Gensler Offered to Advise Binance, Lawyers Contend

Welcome to Bloomberg Law’s Wake Up Call, a daily rundown of the top news for lawyers, law firms, and in-house counsel.

• Long before he became chief of the US Securities and Exchange Commission, Gary Gensler offered to advise Binance, the crypto exchange his agency is now suing along with its founder, the company’s lawyers Gibson Dunn and Latham & Watkins reportedly contend. (CNBC) The Wall Street Journal has reported that Binance actually approached Gensler about an advisory role and that he declined. (WSJ) (CoinTelegraph)
• Binance and Coinbase could end up spending more than $100 ...