Binance.US Not Being Totally Forthcoming, SEC Complains in New Filing
The SEC and Binance.US filed a joint status report detailing ongoing discovery efforts on Tuesday.
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The SEC and Binance.US filed a joint status report detailing ongoing discovery efforts on Tuesday.
Rutgers Law Vice Dean Yuliya Guseva (left) and SEC Enforcement Director Gurbir Grewal (Nikhilesh De/CoinDesk)
Binance, Binance.US and Changpeng Zhao filed to dismiss a Securities and Exchange Commission (SEC) lawsuit Thursday, claiming the regulator hadn’t “plausibly alleged” various securities-related violations.
A U.S. judge declined to order Binance.US to make its executives more available for depositions, or for the U.S. Securities and Exchange Commission (SEC) to back down in its demands for more documents during a hearing Monday.
Securities regulators have complained the exchange is unregistered, and worry about assets being shifted overseas.
Trading XRP on Binance.US began Friday.
Australian officials directly sought out current and former employees of Binance’s operation there this week, demanding copies of internal communications and data from their personal devices, according to a person familiar with the government’s move against the leading crypto exchange, which marked the latest in a pile-up of legal troubles facing the company.