SEC Takes Another Blow in Lawsuit Against Binance
Judge denies SEC's demand for immediate inspection of Binance.US...
- The United States Securities and Exchange Commission (SEC) has been denied immediate inspection of Binance exchange's software by Presiding Judge Faruqui.
- The judge directed the SEC to be more flexible in its plans to gather materials for discovery by speaking with a broader range of people.
- This denial complicates the SEC's efforts to solidify its accusation position against Binance.
- The SEC has been facing a trend of request and motion denials in the past year, including losing cases against XRP and Grayscale Investments.
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The sentiment of the article is negative towards the SEC's ongoing lawsuit against Binance exchange, highlighting the regulator's difficulties and setbacks.
You May Ask
What request did the SEC make to the judge regarding Binance exchange?How did Judge Faruqui respond to the SEC's request?Why did the SEC need the inspection of Binance's software?What other setbacks has the SEC faced in its lawsuits recently?What impact does the denial of software inspection have on the SEC's case against Binance?