L-R: First DCA Judges Ross L. Bilbrey, Lori S. Rowe and Adam Tanenbaum. Courtesy photos 'Horror of Horrors': Florida Judges Spar Over En Banc Review in Binance Ruling
"[T]here is no authority for this court's en-banc procedure to serve as a vehicle for some members to impose their judicial philosophy on other members who do not buy into it," First District Court of Appeal Judge Adam Tanenbaum wrote in his concurring opinion.
October 18, 2024 at 03:17 PM
4 minute read
What You Need to Know
- Florida's First District Court of Appeal ruled in favor of Binance.
- The appellate court held that regulators should not have denied Binance's effort to operate in the Sunshine State.
- After finding in favor of Binance, the appellate judges focused on addressing the scope of an en banc review.
Florida's First District Court of Appeal held that regulators should not have denied Binance.US's effort to operate in the Sunshine State since the agency failed to follow proper procedures for blocking the cryptocurrency exchange, according to an 18-page en banc opinion that expanded upon a May ruling and resulted in judicial jousting.
The First DCA held that the petitioner, BAM Trading Services Inc., also known as Binance.US, the world's largest online crypto exchange, could not be blocked from operating in Florida under an emergency suspension order entered by the respondent, the State of Florida Office of Financial Regulation, which failed to provide its legal conclusions.
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