U.S. SEC's Request for Immediate Access to Binance.US Software Denied by Judge
By: TOGRP
September 19, 2023 10:14 PM / 0 Comments In Brief News Web3 Business Compliance ZentaNewsDesk International News
A federal magistrate judge has denied the Securities and Exchange Commission’s request to gain immediate access to Binance.US’s software, asking the regulator to provide more specific requests for discovery.
In a recent hearing, a U.S. judge has denied the Securities and Exchange Commission (SEC) immediate access to Binance.US's software, favoring the crypto exchange in their legal dispute. The SEC had sought to compel Binance to provide detailed information and make its executives more accessible for depositions. The judge suggested that the SEC refine its requests for discovery and interview a broader range of witnesses. This development is a partial setback for the SEC, which has accused Binance of unregistered securities involvement and noncooperation in the investigation. fullstory