Claim BonusBinance Vs US SEC: BinanceUS And SEC Disputes Likely Over
In the latest development in the U.S. SEC v. Binance Holdings lawsuit, the Securities and Exchange Commission (SEC) and Binance, Binance.US, and CEO Changpeng “CZ” Zhao have filed a joint motion for a protective order concerning confidential details produced as per the June 17 consent order.
It seems the disputes related to document discovery and depositions between the parties are nearly over and things are moving smoothly again.
Binance And US SEC Files Joint Motion For Protective Order
According to a court filing late November 13, Binance and the U.S. SEC have filed a joint motion for a protective order related to June’s consent order.
The parties require a protective order from the court that limits how confidential information will be protected and disclosed during the course of the lawsuit. Furthermore, the parties propose that any protective order entered in connection with this motion will supercede any order entered by Judge Jackson in connection with the parties’ pending joint motion for a protective order filed on September 11.
The move came after recent dispute between the SEC and Binance.US related to document discovery and depositions. The SEC argued that BinanceUS has only produced approximately 382 documents and refuses to provide its position on producing the remaining documents as requested by the agency under the consent order.
Meanwhile, BinanceUS said the SEC’s s requests since the September 18 hearing are unreasonable. The exchange believes the SEC’s approach is inconsistent with the consent order.
Also Read: BlackRock XRP Trust Filing Is Real But Fraudulent, XRP Price Jumped 15%
Binance Seeks Dismissal of Lawsuit
Meanwhile, the U.S. SEC opposes the latest request by Binance.US as well as Binance and CEO Changpeng “CZ” Zhao to dismiss the lawsuit. The SEC has also refused to accept any overreach to regulate the crypto industry, claiming to protect investors under the existing securities laws.
The crypto community believes the lawsuit, along with other SEC lawsuits including Coinbase and Ripple, must be dismissed due SEC’s failure to explain how current rules applies to its arguments.
Also Read: Judge Analisa Torres Signs Order On Remedies Discovery And Briefing in XRP Lawsuit
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Trump’s Truth Social Files For Bitcoin, Ethereum, Cronos Crypto ETFs Amid Institutional Outflows
- Trump Tariffs: U.S. Supreme Court Sets February 20 for Potential Tariff Ruling
- Brazil Targets 1M BTC Strategic Reserve to Rival U.S. Bitcoin Stockpile
- Breaking: U.S. CPI Inflation Falls To 4-Year Low Of 2.4%, Bitcoin Rises
- Bitget Launches Gracy AI For Market Insights Amid Crypto Platforms Push For AI Integration
- Bitcoin Price Outlook As Gold And Silver Lose $3.6 Trillion in Market Value
- XRP and Ethereum Price Prediction as Trump Seeks to Lower Key Tariffs
- Solana Price Prediction as $2.6 Trillion Citi Expands Tokenized Products to SOL
- Bitcoin Price Could Fall to $50,000, Standard Chartered Says — Is a Crash Coming?
- Cardano Price Prediction Ahead of Midnight Mainnet Launch
- Pi Network Price Prediction as Mainnet Upgrade Deadline Nears on Feb 15
