Binance Seeks Protective Order Against SECs Fishing Expedition

By Coinan Porter Aug 15, 202381Views

, ,

Binance seeks protective order against SEC

Main Points:

Binance has requested a protective order against the SEC, stating that the regulator is conducting a “fishing expedition.”
The SEC has demanded Binance to produce communications dating back to November 2022, including topics unrelated to customer assets.
Binance has objected to the SEC’s request for depositions of its CEO and other senior executives, arguing that they do not possess unique firsthand knowledge.
Further developments on this story will be provided as they arise.

Hot Take:

Binance’s motion for a protective order against the SEC showcases their frustration with the regulator’s extensive requests for information and depositions. By claiming that the SEC is conducting a “fishing expedition,” Binance is taking a strong stance against what they perceive as overreach. The outcome of this case will have significant implications for Binance and the wider crypto industry.

Read Disclaimer

This content is aimed at sharing knowledge, it's not a direct proposal to transact, nor a prompt to engage in offers. Lolacoin.org doesn't provide expert advice regarding finance, tax, or legal matters. Caveat emptor applies when you utilize any products, services, or materials described in this post. In every interpretation of the law, either directly or by virtue of any negligence, neither our team nor the poster bears responsibility for any detriment or loss resulting. Dive into the details on Critical Disclaimers and Risk Disclosures.

Tags:

Coinan Porter

Coinan Porter stands as a notable crypto analyst, accomplished researcher, and adept editor, carving a significant niche in the realm of cryptocurrency. As a skilled crypto analyst and researcher, Coinan's insights delve deep into the intricacies of digital assets, resonating with a wide audience. His analytical prowess is complemented by his editorial finesse, allowing him to transform complex crypto information into digestible formats. Coinan's contributions serve as a valuable resource for both seasoned enthusiasts and newcomers, guiding them through the dynamic landscape of cryptocurrencies with well-researched perspectives. With meticulous attention to detail, he empowers informed decision-making in the ever-evolving crypto sphere.