‘I Just Want to Keep Things Moving’: Judge Makes No Ruling in SEC-Binance Document Dispute
Judge Zia Faruqui did not make any rulings on the SEC's discovery requests or Binance.US's opposition....
- A U.S. judge declined to order Binance.US to make its executives more available for depositions or for the SEC to back down in its demands for more documents.
- The judge urged the two parties to work together on discovery requests, asking the SEC to narrow its request for information.
- The SEC is concerned about Binance.US's relationship with Ceffu, its service provider, and wants more information about their custody solution.
- Binance.US is accused of running an unlicensed securities exchange, and the SEC wants to ensure that U.S. customer funds stay in the U.S.
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The sentiment of the article is neutral, as it mainly reports on the judge's decision and the ongoing dispute between Binance.US and the SEC.
You May Ask
What did the U.S. judge decline to order Binance.US and the SEC to do?What did the judge urge the two parties to do instead?What is the SEC concerned about regarding Binance.US's relationship with Ceffu?Why is the SEC requesting more information about Binance.US's custody solution?What is Binance.US accused of, and what is the SEC trying to ensure regarding U.S. customer funds?