{"id":158553,"date":"2023-09-19T15:02:02","date_gmt":"2023-09-19T09:32:02","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=158553"},"modified":"2023-09-19T15:02:02","modified_gmt":"2023-09-19T09:32:02","slug":"u-s-sec-denied-immediate-access-to-binance-us-software-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/u-s-sec-denied-immediate-access-to-binance-us-software-crypto-news\/","title":{"rendered":"U.S. SEC denied immediate access to Binance.US software &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p>A U.S. federal judge has denied the U.S. Securities and Exchange Commission (SEC) immediate access to Binance.US\u2019 software, in response to the regulator\u2019s motion demanding more detailed information from Binance and greater availability of its executives for depositions.<\/p>\n<p><strong><em>See related article:<\/em><\/strong> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/forkast.news\/headlines\/jpex-crypto-exchange-shuts-trading\/\">JPEX crypto exchange shuts trading amid Hong Kong regulator probe<\/a><\/p>\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><\/figure>\n<h2 class=\"wp-block-heading\">Fast facts<\/h2>\n<ul>\n<li>On Monday, Federal Magistrate Judge Zia Faruqui said he was not \u201cinclined to allow the inspection at this time.\u201d He asked that the SEC come up with more specific requests, according to a Bloomberg <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-09-18\/sec-fails-to-win-immediate-inspection-of-crypto-exchange-binance-us-software#xj4y7vzkg\">report<\/a>.\u00a0<\/li>\n<li>Binance, the world\u2019s largest crypto exchange, has been dealing with growing regulatory challenges in the U.S. this year.\u00a0<\/li>\n<li>In June, the crypto exchange was <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/forkast.news\/headlines\/binance-us-ceo-sec-lawsuit-securities-violations\/\">sued<\/a> by the SEC for allegedly breaching securities mandate.<\/li>\n<li>The exchange <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/forkast.news\/headlines\/binance-us-layoff-ceo-brian-shroder\/\">earlier this month<\/a> laid off one-third of its staff, or more than 100 employees. Brian Shroder, the chief executive of Binance U.S., also left the company.<\/li>\n<li>Binance\u2019s global head of product Mayur Kamat has also resigned from the company, according to <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.reuters.com\/technology\/binance-global-head-product-mayur-kamat-resigns-block-2023-09-04\/\">Reuters<\/a>.<\/li>\n<\/ul>\n<p><strong><em>See related article: <\/em><\/strong><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/forkast.news\/indias-g20-presidency-failed-advance-crypto\/\">India\u2019s G20 presidency has failed to advance global crypto governance, ex-finance secretary says<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>A U.S. federal judge has denied the U.S. Securities and Exchange Commission (SEC) immediate access to Binance.US\u2019 software, in response to the regulator\u2019s motion demanding more detailed information from Binance and greater availability of its executives for depositions. See related article: JPEX crypto exchange shuts trading amid Hong Kong regulator probe Fast facts On Monday, [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":158554,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-158553","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/158553","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=158553"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/158553\/revisions"}],"predecessor-version":[{"id":158556,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/158553\/revisions\/158556"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/158554"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=158553"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=158553"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=158553"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}