Magistrate Judge Grants Joint Stipulation by BinanceUS And US SEC
A joint stipulation, filed by BinanceUS and the U.S. Securities and Exchange Commission (SEC), has been granted by Magistrate Judge Faruqui. This agreement was made in response to the opposition raised by the SEC against the motion for a protective order and the motion to file confidential documents.
Details of the Joint Stipulation
Magistrate Judge Faruqui signed an order on the joint stipulation agreed upon by the SEC and BinanceUS. This stipulation is a formal legal agreement between opposing parties before a pending hearing or trial.
Both parties recognized the importance of efficiency and judicial economy and agreed to allow BinanceUS to submit a single filing as a reply. Magistrate Judge Faruqui instructed BinanceUS to submit its response to the opposition on September 11.
Secret Filing By US SEC Is A Motion to Compel
The recent court filing implies that the SEC’s motion to file documents under seal contains potentially unfavorable information. The SEC filed an opposition to BinanceUS’s motion for a protective order and also included a motion to compel, which requests the court to enforce a request for information from the opposing party.
Additionally, Judge Amy Jackson approved the appearance of attorney Andrew Rhys Davies for BinanceUS amidst a confidential filing by the SEC.
Hot Take:
It is crucial for crypto readers to stay informed about legal proceedings involving cryptocurrency exchanges like BinanceUS. Understanding the legal implications and actions taken by regulatory authorities such as the SEC can help you navigate the crypto landscape more effectively and make informed decisions. Remember to keep yourself updated on the latest developments to protect your interests in the ever-evolving world of cryptocurrency.
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