The post Binance vs SEC :Court Declines SEC’s Request to Inspect Binance.US, How Will SEC React? appeared first on Coinpedia Fintech News
In the ongoing case on Tuesday the SEC faced a temporary setback as a federal magistrate judge rejected its plea for immediate access to Binance.US’s software. This development came to light during a recent hearing, primarily focused on the SEC’s motion to compel Binance to provide extensive information and make its executives available for depositions.
Judge Faruqui’s Reluctance
According to the Bloomberg report, during the trial, Judge Faruqui hesitated to give the SEC Binance.US’s software. He suggested the SEC make its discovery requests more specific and include more witnesses. The SEC sued Binance.US, its international affiliate Binance Holdings Ltd, and CEO Changpeng “CZ” Zhao on June 5, claiming it had trouble getting necessary information from Binance.US.
SEC’s Claims Non-coperation by Binance.US
The SEC claimed that Binance.
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