Binance's U.S. Arm Pushes Back Against SEC Document Requests Amid Investigation Into Exchange's Business Practices

Binance's U.S. entity is pushing back against SEC's document requests amid an investigation into the exchange's business practices.
The SEC alleges BAM's document production has been slow and insufficient, stonewalling information categories.
BAM alleges SEC requests are overbroad, burdensome, and outside investigation scope.
Tug-of-war over internal documents intensifies between BAM and SEC.
SEC investigating BAM for allegedly operating an unregistered securities exchange and improperly custodying customer assets.

coindesk.com

Relevant topic timeline:

9/12/2023

Binance.US Pushes Back on SEC Request for Depositions in Ongoing Dispute

Binance.US rejects claims made by the SEC, calling them unsubstantiated and maintaining that it has custody and control over its digital assets, in response to the SEC's request for depositions and further discovery.

9/18/2023

SEC Seeks to Compel Binance Cooperation in Ongoing Investigation, Disputes Protective Order Request

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