A US judge has refused to order Binance.US to make its executives available for dispositions or for the United States Securities and Exchange Commission (SEC) to back down from demanding more documents.
Judge Orders Binance US And SEC To Work Together
Instead of delivering a ruling, Magistrate Judge Zia Faruqui urged Binance and the Securities and Exchange Commission (SEC) to work together on the various discovery requests. The judge asked the SEC to narrow its request for information but allowed it to depose certain shard holders and establish whether Binance.US’s funds are safe. The judge added that Binance.US, the US branch of Binance, should share more information with the SEC about its relationship with Ceffu, a custody platform and its service provider.
“I’m not going to order from the bench right now that they produce or not produce things. Let’s continue to try to work this out. I just want to keep things moving.”
Binance.US has been in the spotlight since the S
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