Judge Zia Faruqui did not make any rulings on the SEC's discovery requests or Binance.US's opposition.
it would be impossible to produce them. “Chasing down exactly how that software works is neither here nor there,” he said.The judge said Binance needs to provide more information about its current custody solution: “I think we need more than we’ve got right now,” adding as an aside that he wasn’t “super confident that BAM has total control of their assets.”
SEC attorney Jennifer Farer said part of the issue is “we don’t know what we don’t know,” in arguing that the regulator needed large amounts of information about“That is foolishness. It’s not serious litigation,” Martens said later on in the hearing. In June, the SEC sued Binance and founder Changpeng “CZ” Zhao, accusing them of running an unlicensed securities exchange. Since then, the regulator has been working to ensure that assets from U.S. customers would stay in the U.S.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Binance v SEC Lawsuit Update September 17: Problems With Documentation and MoreBinance.US has slashed around a third of its staff amidst legal action from US regulators.
Leer más »
SEC Rips Into Binance.US Over 'Shaky' Asset Custody, Asks Court to Order InspectionThe regulator asked a U.S. court to reject Binance's 'half-hearted' objections to its motion seeking depositions, an inspection and communication from the exchange.
Leer más »
SEC claims Ceffu wallet provider is 'Binance-related' in motion against BAMThe U.S. Securities and Exchange Commission seeks a court order to inspect Binance.US.
Leer más »
SEC sees urgent need to inspect Binance.US, custody of customer assetsThe SEC laid into what they say is Binance.US’s 'slow-rolled small productions of documents' and called for the court to order an inspection.
Leer más »
SEC accuses Binance of noncooperation, court unseals case documents: Law DecodedThe SEC pushes hard as Binance.US lays off a third of its staff and top executives quit.
Leer más »
Binance vs SEC: Hearing in Washington, DC, over BAM motion to compel starts nowThe Binance-SEC hearing in Washington, D.C., starts now.
Leer más »