SEC Seeks Court Order For Omnibus Brief Against Binance, Binance US, And CZ
In the latest development in the U.S. Securities and Exchange Commission (SEC) lawsuit against Binance, Binance.US, and CEO CZ, the SEC seeks to file an omnibus brief. The securities regulator aims to dismiss the complaint filed by Binance.US, as well as a motion by Binance Holdings and Changpeng “CZ” Zhao to dismiss the lawsuit.
Moreover, Magistrate Judge Faruqui has granted an order to seal certain documents related to the parties’ Joint Status Report.
SEC Wants Court To Deny Dismissal of Binance Lawsuit
In response to the latest request by Binance, CEO CZ, and Binance.US to dismiss the lawsuit, the U.S. SEC filed a motion seeking an order to file an omnibus brief of no more than 80 pages.
The SEC is preparing a lengthy response to the motions by the defendants to dismiss the lawsuit. The regulator argues defendants have made overlapping legal arguments in support of their motions.
“Rather than filing separate briefs responding to each motion, the SEC respectfully submits that it is in the interests of judicial economy to permit the SEC to respond to both motions in an omnibus brief.”
Judge Approves Motion to Seal by Binance.US
Magistrate Judge Zia M. Faruqui has approved a motion by Binance.US (BAM Trading Services and BAM Management US Holdings) to seal certain documents related to the parties’ Joint Status Report filed on October 10.
The magistrate judge stated that the motion is supported by good cause to prevent unauthorized access to confidential and personal information.
Meanwhile, the Chamber of Digital Commerce joins other digital assets companies and associations, law firms, and lawmakers to dismiss the Binance vs U.S. SEC lawsuit.
Also Read:
- John Deaton Weighs On US SEC’s Possible Appeal And Rationale In XRP Lawsuit
- Ripple To Confer With US SEC On Institutional Sales Of XRP, Says Ripple’s Attorney
- Bitcoin Core Dev Departs On Lightning Network Security Woes
- Insider Whale Opens $255M Bitcoin Longs as Trump Confirms Oct 31 Meeting With China
- Data Shows Bitcoin Short Squeeze Likely With Speculation of “Bullish” US CPI
- John Bollinger Sees ‘W’ Bottom Forming in Ethereum and Solana, Not Bitcoin
- Robert Kiyosaki Calls Bitcoin and Ethereum ‘Real Money,’ Urges Investors to Ditch ‘Fake’ Fiat
- ‘Sell Gold, Buy Bitcoin’: Expert Flags Major Market Bottom Signal
- Solana Price Prediction: Analyst Notes Bearish Breakdown Amid Derivatives Slowdown
- Shiba Inu Price Eyes Recovery as Burn Rate Jumps 10,785% – Can SHIB Hit $0.000016?
- Ethereum (ETH) Price Prediction: Analyst Eyes $7,000 by Q4 as Bitmine Accumulates $281M ETH — Will History Repeat Itself?
- HYPE Price Teeters Amid Weak Technicals and Soaring Liquidations
- XRP Price Prediction As Ripple Announces $1B Treasury Plans – Is a Rebound Imminent?
- Bitcoin Price Prediction Amid Gold’s Parabolic Rally to Second-Largest Reserve Asset
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.
