US Judge denies SEC request to inspect Binance.US
FXstreet
19 Sep 2023 2:21 AM
The Securities and Exchange Commission (SEC) faced challenges following its partial loss in the Ripple lawsuit. While the agency has been spearheading...
- The SEC's pursuit of Binance.US has faced a setback as Judge Faruqui is not inclined to allow inspection of the exchange's documents.
- Binance.US has been losing users, with trading volume falling from $150 million to $10 million since June.
- The SEC has been unable to gain information from Binance.US and its executives, while the exchange's lawyers have resisted deposition.
- Binance.US CEO and other top executives have recently stepped down, leading to rumors of a potential collapse, which Binance CEO CZ has refuted.
The article highlights challenges faced by the SEC in its pursuit of Binance.US, including a setback in court and declining trading volume for the exchange. The sentiment is mostly negative, with concerns about the SEC's case and the potential collapse of Binance.US.
You May Ask
What setback did the SEC face in its pursuit of Binance.US?How has Binance.US trading volume changed since June?Why has the SEC been unable to gain information from Binance.US and its executives?What rumors have emerged about Binance.US recently, and how has Binance CEO CZ responded?What is the sentiment of the article regarding the SEC's case and Binance.US?