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 <h2 id="former-sec-chief-s-predictions-about-binanceus-protective-order">Former SEC Chief’s Predictions About BinanceUS Protective Order</h2> 
 <p>The motion for a protective order filed by defendants BAM Trading Services and BAM Management US Holdings is referred to Magistrate Judge Faruqui for resolution, according to a filing in the court.</p>  
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 <p>Judge Amy Berman Jackson ordered Magistrate Judge Faruqui to mediate the dispute between <a rel="noopener noreferrer nofollow" title="Binance" href="https://thebittimes.com/tag/binance.html">Binance</a>US and SEC regarding matters mentioned in the protective order. <a rel="noopener noreferrer nofollow" title="Binance" href="https://thebittimes.com/tag/binance.html">Binance</a>US argues SEC is exceeding the agreed-upon consent order, requests the court for an order to preclude depositions of <a rel="noopener noreferrer nofollow" title="Binance" href="https://thebittimes.com/tag/binance.html">Binance</a>US’ CEO and CFO, and reject SEC’s demands that has nothing to do with the case.</p> 
 <p>Former SEC chief John Reed Stark’s prediction that Judge Jackson will refer <a rel="noopener noreferrer nofollow" title="Binance" href="https://thebittimes.com/tag/binance.html">Binance</a>’s motion for a protective order to Magistrate Judge Faruqui for resolution comes out true.</p> 
 <p>Stark believes the Judge will order <a rel="noopener noreferrer nofollow" title="Binance" href="https://thebittimes.com/tag/binance.html">Binance</a> to provide most of what the SEC requests. However, the judge may eliminate some duplicative or obviously overly broad requests. He thinks DOJ lawsuit is imminent and it will be most impacting for <a rel="noopener noreferrer nofollow" title="Binance" href="https://thebittimes.com/tag/binance.html">Binance</a>.</p>  
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 <blockquote> 
  <p>“<a rel="noopener noreferrer nofollow" title="Binance" href="https://thebittimes.com/tag/binance.html">Binance</a>-related U.S. DOJ indictment, which I believe is imminent and which will throw a wrench into the SEC/<a rel="noopener noreferrer nofollow" title="Binance" href="https://thebittimes.com/tag/binance.html">Binance</a> civil case, wreaking at least some level of havoc, chaos and confusion into the proceedings.”</p> 
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 <p><strong>Also Read: Crypto Market Selloff: Bitcoin, ETH, XRP, SHIB Fell After FOMC Minutes Release</strong></p> 
 <h2 id="binance-seeks-to-dismiss-the-lawsuit">Binance Seeks to Dismiss the Lawsuit</h2> 
 <p><a rel="noopener noreferrer nofollow" title="Binance" href="https://thebittimes.com/tag/binance.html">Binance</a> and CEO CZ have earlier revealed plans to dismiss the SEC lawsuit along with CFTC. However, <a rel="noopener noreferrer nofollow" title="Binance" href="https://thebittimes.com/tag/binance.html">Binance</a>US as a co-defendant in the SEC lawsuit limits the chances of dismissal. As a result, <a rel="noopener noreferrer nofollow" title="Binance" href="https://thebittimes.com/tag/binance.html">Binance</a> and <a rel="noopener noreferrer nofollow" title="Binance" href="https://thebittimes.com/tag/binance.html">Binance</a>US earlier agreed with SEC to separate their wallets, hardware, and teams.</p> 
 <p>Meanwhile, Coinbase filed a motion to&nbsp;dismiss the US SEC lawsuit alleging that the regulator acting outside its regulatory oversight and control. Senator Cynthia Lummis submitted&nbsp;an amicus brief in favor of the Coinbase vs SEC lawsuit dismissal.</p> 
 <p><strong>Also Read: Shiba Inu (SHIB), XRP and Two Other Altcoins See Surge in Whale Activity, Is It Dumping?</strong></p> 
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Judge Announces Order in Binance Vs US SEC Lawsuit

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