Unsealed Court Filings Reveal Binance's Legal Counterthrusts Against the SEC


18 Sep 2023 8:11 PM

The Securities and Exchange Commission (SEC) has gotten approval for a court order demading the unsealing of filings Binance's lawyers made....

  • The Securities and Exchange Commission (SEC) is demanding the release of documents from BAM Trading Services, also known as Binance, in their ongoing lawsuit.
  • The SEC believes BAM has been unresponsive to requests for information, while Binance argues that it is protecting customers' interests by refusing to comply.
  • A federal judge has ordered the unsealing of several documents that shed light on BAM's attempts to keep its internal matters secret.
  • BAM's lawyers accuse the SEC of regulatory overreach and argue that the requests are vague, overbroad, and oppressive.
  • The two sides have significant disagreements over legal and metaphysical issues in the lawsuit.

The article presents a conflict between the SEC and Binance, with both sides strongly defending their positions. The sentiment is neutral, as it does not express a clear positive or negative stance.

Go to publisher site

You May Ask

What documents is the SEC demanding from BAM Trading Services?Why does Binance believe it is protecting customers' interests by refusing to comply with the SEC's requests?What did the federal judge order regarding the unsealing of documents?What arguments do BAM's lawyers make against the SEC's requests?What are the main disagreements between the SEC and BAM in the lawsuit?

Suggested Reads