The post The SEC vs. Binance: Unsealed Documents Could Spell “Reckoning Day” for Crypto appeared first on Coinpedia Fintech News
In the latest twist of the courtroom drama between the U.S. Securities and Exchange Commission (SEC) and Binance.US, both sides have entered into a joint stipulation and proposed order. This comes in the wake of Binance.US filing a motion for a protective order, which the SEC opposed.
The Dance of Legal Eagles
Attorneys for both parties have formally agreed to a stipulation. This is significant because a stipulation serves as a formal legal handshake that sets the tone for the legal proceedings that follow. This development comes as Binance.US seeks to prevent the SEC from requiring depositions of its top brass and rejecting what it sees as unwarranted demands.
On the other hand, the SEC has graciously permitted Binance.US to file a single memorandum opposing its “document under seal.” Whatever that entails, both sides are asking the court to set the
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