New York-based law firm Sullivan & Cromwell may be appointed as an independent monitor for Binance Holdings Ltd. According to a Bloomberg report, Sullivan & Cromwell is the leading contender for the coveted observer position, likely beating out a crowded field of lawyers and consultants vying for what is seen as a lucrative observer role. The outlet’s sources believe former federal prosecutor and firm partner Sharon Cohen Levine will likely lead the surveillance team, according to an anonymous insider cited by Bloomberg.