'House of Mirrors': SEC Demands Urgent Inspection of Binance US Assets - Decrypt
The U.S. Securities and Exchange Commission has urged a court to approve an inspection into Binance US, alleging lack of cooperation....
- The U.S. Securities and Exchange Commission (SEC) is demanding cooperation from Binance US in its investigation into the crypto exchange.
- The SEC accuses Binance US of making "half-hearted claims of irrelevance, prejudice, and burden" in court documents.
- Binance US initially agreed to cooperate but later refused, calling the SEC's demands unreasonable.
- The SEC claims that Binance US has failed to provide sufficient information regarding its custody platform Ceffu.
- The SEC highlights the departure of top executives from Binance US as evidence of the need for expedited discovery.
The sentiment in this article is negative. The SEC is demanding cooperation from Binance US and accusing the company of making half-hearted claims and stonewalling. Binance US is also described as lacking transparency.