Judge Refuses To Make Ruling In SEC-Binance Document Dispute

Crypto Daily
Crypto Daily

19 Sep 2023 7:59 AM

A US judge has refused to order Binance.US to make its executives available for dispositions or for the United States Securities and Exchange Commission (SEC) to back down from demanding more documents....

  • A US judge has refused to order Binance.US to make its executives available for dispositions or for the SEC to back down from demanding more documents.
  • The judge urged Binance and the SEC to work together on discovery requests and asked the SEC to narrow its request for information.
  • The SEC's case revolves around concerns about Ceffu, a custody platform closely related to Binance Global Holdings Limited.
  • Binance.US argued that the SEC's request for documents was too broad, while the judge emphasized the need for more information about Binance's custody solution.
  • The judge rejected the SEC's inspection plea, and the SEC continues to pursue its lawsuit against Binance and its founder.

The article presents a legal dispute between Binance.US and the SEC. The judge's refusal to order certain actions indicates a potential challenge for both parties. Binance.US's argument against the SEC's request and the judge's emphasis on the need for more information suggest a complex and ongoing legal battle.

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