<\/p>\n
Observers should soon get a look at least some of the sealed documents in the United States Securities and Exchange Commission\u2019s (SEC) case against Binance. The documents were sealed at the SEC\u2019s request with the agreement of both sides, and are being unsealed at the request of the SEC itself.<\/p>\n
District of Columbia District Court Magistrate Judge Zia Faruqui issued<\/a> an order Sept. 15 granting the SEC\u2019s motion to unseal the documents. The order lists 18 sealed documents and another nine partially sealed or redacted documents.<\/p>\n Binance and \u201cany nonparty that claims a confidentiality designation regarding documents relating to the SEC\u2019s Motion to Compel\u201d will be able to argue against the unsealing for seven days, and the SEC will have seven days to respond to those claims.<\/p>\n Late night filing by SEC in Binance case mostly redacted and sealed but it looks like SEC fired back tons of evidence and testimony against some claim Binance has made. It\u2019s a bit of a land slide compared to what we\u2019ve seen so far.<\/p>\n Wonder if any correlation to weird Chinese OTC\u2026 pic.twitter.com\/rq5oeXycdE<\/a><\/p>\n \u2014 Adam Cochran (adamscochran.eth) (@adamscochran) September 15, 2023<\/a><\/p><\/blockquote>\n All of the sealed documents, filed as docket no. 102, were filed on Aug. 28. There was speculation at the time<\/a>\u00a0that they were connected with a U.S. Justice Department investigation of Binance. The partially sealed documents total 117 pages. Among them are internal Binance.US documents, emails and SEC court filings, including the memorandum on Binace.US\u2019 compliance with SEC discovery efforts<\/a> filed Sept. 14. <\/p>\n Related: Binance.US not cooperating with investigation, US SEC says in filing<\/a><\/em><\/strong><\/p>\n The list in Faruqui\u2019s order does not encompass all the sealed documents filed in the case. A proposed order filed by BAM, the Binance.US holding company, on Sept. 11, along with the SEC\u2019s opposition document and eight exhibits, were filed as sealed and are not mentioned<\/a> in the order. <\/p>\n The SEC case against Binance.US, Binance and CEO Changpeng Zhao was initiated in June and revolves around claims of unregistered securities operations and other improprieties, including wash sales. Binance.US\u00a0requested a protective order<\/a> against the SEC in August. <\/p>\n\n