{"id":156500,"date":"2023-09-15T15:29:11","date_gmt":"2023-09-15T09:59:11","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=156500"},"modified":"2023-09-15T15:29:11","modified_gmt":"2023-09-15T09:59:11","slug":"sec-fires-back-at-binanceus-with-evidence-and-testimony-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/sec-fires-back-at-binanceus-with-evidence-and-testimony-crypto-news\/","title":{"rendered":"SEC Fires Back At BinanceUS With Evidence And Testimony – Crypto News"},"content":{"rendered":"

<\/p>\n

\n

In the latest development in the U.S. Securities and Exchange Commission (SEC) lawsuit against Binance, the securities regulator has filed exhibits against Binance.US revealing that the exchange fails to cooperate in accordance with an earlier agreed consent order<\/a>. Meanwhile, Binance.US claims that the SEC requests are \u201coverbroad\u201d and \u201cunduly burdensome\u201d in a protective order.<\/p>\n

SEC Files Opposition To Binance US<\/h2>\n

CoinGape Media reported<\/a> that the\u00a0U.S. Securities and Exchange Commission (SEC) has filed a \u201cmotion to unseal<\/strong>\u201d to reveal the contents of some confidential documents. Also, both parties have agreed to public some documents related to the motion to compel by the SEC for discovery requests.<\/p>\n

<\/p>\n

According to multiple filings<\/a> related to the motion to compel, the SEC has raised concerns regarding the lack of cooperation from BAM Management and BAM Trading (Binance.US) regarding the separation of wallets, systems, and teams from Binance.<\/p>\n

The SEC has argued that Ceffu (formerly Binance Custody) continues to act as custody for both Binance and Binance.US, which is against the agreed-upon consent order. The SEC also seeks disposition from CEO Brian\u00a0Shroder and Jasmine Lee, but Binance.US is against it. The SEC has already received deposition from other Binance.US executives including Erik Kellogg and Tao Zhang.<\/p>\n

\n

2\/3<\/p>\n

<\/p>\n

Binance US custodian was just Binance international and they lied to the courts.<\/p>\n

We also learn that the external auditors testimony is framed as “auditors concerns” which is the last fucking thing you want.<\/p>\n

\u2014 Adam Cochran (adamscochran.eth) (@adamscochran) September 15, 2023<\/a><\/p>\n<\/blockquote>\n

<\/p>\n

The SEC filed 31 exhibits to support its motion to compel and opposition to motion of protective order by Binance.US. The latest filings revealed details on only 10 exhibits out of 31. The SEC seeks the court to reject the protective order by BAM.<\/p>\n

Meanwhile, Magistrate Judge Faruqui on Wednesday signed a minute order<\/a> in the lawsuit, scheduling the next hearing on September 18. A possible decision on the protective order and motion to compel to reveal more documents and dispositions from executives.<\/p>\n

Surprisingly, CEO Brian Shroder resigned<\/a> earlier this week amid another layoff at Binance.US, causing FUD in the crypto industry.<\/p>\n

Also Read: XRP Whale Moves Spark Market Attention Amidst Deaton\u2019s Fight Commitment<\/a><\/strong><\/p>\n

<\/p>\n

\n
\n

\u2713 Share:<\/p>\n

<\/a><\/p>\n

\n
\n \"coingape\"
\n<\/a>\n <\/div>\n<\/p><\/div>\n<\/p><\/div>\n

<!– <\/p>\n

\n
\n
\n
\n

<\/p>\n

\"\"\"\"<\/div>\n
Top Crypto Marketing Firms \/ Agencies 2023; Here\u2019s Best Picks [Updated]\n <\/div>\n

<\/a><\/p><\/div>\n<\/p><\/div>\n

\n
\n

<\/p>\n

\"\"\"\"<\/div>\n
Top 10 Web3 Games To Explore In 2023; Here List\n <\/div>\n

<\/a><\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n

–><\/p>\n

\n
\n
\n
\n
\n<!–<\/p>\n
<\/div>\n

–><\/p>\n

Varinder has 10 years of experience in the Fintech sector, with over 5 years dedicated to blockchain, crypto, and Web3 developments. Being a technology enthusiast and analytical thinker, he has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers. With CoinGape Media, Varinder believes in the huge potential of these innovative future technologies. He is currently covering all the latest updates and developments in the crypto industry. <\/p>\n<\/p><\/div>\n

\n \"\"\"\" <\/div>\n<\/p><\/div>\n<\/p><\/div>\n
\n

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n

<!– <\/p>\n

\n
\n Crypto Stories<\/span><\/p>\n

View all<\/a>\n <\/div>\n

\n
\n
\n
\n <\/p>\n
\"twitter_is_now_worth_just_33__of_elon_musk___s_purchase_price_720\"\"twitter_is_now_worth_just_33__of_elon_musk___s_purchase_price_720\"<\/div>\n
Twitter is now worth just 33% of Elon Musk\u2019s purchase price <\/div>\n

<\/a>\n <\/div>\n<\/p><\/div>\n<\/p><\/div>\n

\n
\n
\n <\/p>\n
\"will_cramer_curse_strike_again_720\"\"will_cramer_curse_strike_again_720\"<\/div>\n
Will Cramer Curse Strike Again? <\/div>\n

<\/a>\n <\/div>\n<\/p><\/div>\n<\/p><\/div>\n

\n
\n
\n <\/p>\n
\"mercedes_benz_to_release_nft_collection_with_fingerprints_dao_720\"\"mercedes_benz_to_release_nft_collection_with_fingerprints_dao_720\"<\/div>\n
Mercedes Benz To Release NFT Collection With Fingerprints DAO <\/div>\n

<\/a>\n <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n

–><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

In the latest development in the U.S. Securities and Exchange Commission (SEC) lawsuit against Binance, the securities regulator has filed exhibits against Binance.US revealing that the exchange fails to cooperate in accordance with an earlier agreed consent order. Meanwhile, Binance.US claims that the SEC requests are \u201coverbroad\u201d and \u201cunduly burdensome\u201d in a protective order. SEC […]<\/p>\n","protected":false},"author":2,"featured_media":156501,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[192,29,198,194,195,199,196,193,197,200],"class_list":["post-156500","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-blockchain-business","tag-business","tag-coins","tag-crypto-business","tag-cryptocurrency-business","tag-fiat","tag-metaverse-business","tag-nft-business","tag-token","tag-token-business"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/156500","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=156500"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/156500\/revisions"}],"predecessor-version":[{"id":156503,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/156500\/revisions\/156503"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/156501"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=156500"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=156500"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=156500"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}