US SEC Files ‘Motion to Unseal,’ Says Binance Is Not Co-operating With Information
The United States Securities and Exchange Commission (SEC) has presented evidence against Binance U.S. in an ongoing case, showing the exchange's failure...
- The United States Securities and Exchange Commission (SEC) has presented evidence against Binance U.S. for failing to comply with a consent order.
- Binance U.S. has contested the SEC's demands and filed an emergency restraining order, claiming they are unnecessary.
- The SEC has filed a motion to unseal classified documents and has urged Binance U.S. to take specific actions.
- The SEC and Binance have agreed to reveal several SEC filings from the previous month, but the SEC has expressed concerns about Binance U.S.'s lack of cooperation.
- The SEC has submitted 31 exhibits to challenge Binance U.S.'s protective order and is asking the court to reject BAM's request for a protective injunction.
- In March 2023, the CFTC sued Binance for selling futures and options to US traders without proper registration.
- In June 2023, the SEC charged Binance and its founder for operating unregistered exchanges, offering unregistered securities, and making false statements.
The overall sentiment of the article is negative, as it discusses the SEC's evidence against Binance U.S., their lack of compliance, and the legal actions taken against them.