Rally

Redacted

Billion

<div class="coingape"> 
 <p>According to a filing in the court on September 11, both parties seek a protective order from the judge to “govern the treatment and disclosure of certain confidential information during the course of this litigation.”</p>  
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 <blockquote> 
  <p>“The Parties have agreed to a proposed protective order that limits how such information, as well as how other similarly sensitive information will be protected and disclosed during the course of this litigation.”</p> 
 </blockquote> 
 <p>CoinGape Media first reported that the contents of the SEC’s motion for filing secret documents are a motion to compel and for other relief. A motion to compel asks the court to enforce a request for information from an opposing party, complying with discovery requests.</p> 
 <p>In the latest filing, both the SEC and Binance.US agree that discovery material will remain confidential. Discovery material can include financial information, ownership or control of any company, private keys to company or customer accounts, and nonpublic business plans.</p>  
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 <p>This seems to be related to the SEC compelling <a rel="noopener noreferrer nofollow" title="Binance.US" href="https://thebittimes.com/tag/binance-us.html">Binance.US</a> to submit a financial report, depositions of <a rel="noopener noreferrer nofollow" title="Binance" href="https://thebittimes.com/tag/binance.html">Binance</a>US’ CEO and CFO, and other details as per an earlier agreed-upon consent order.</p> 
 <h2 id="binance-files-opposition-to-sec-and-redacted-documents">Binance Files Opposition To SEC and Redacted Documents</h2>  
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 <p>BAM Management US Holdings and BAM Trading Services (<a rel="noopener noreferrer nofollow" title="Binance.US" href="https://thebittimes.com/tag/binance-us.html">Binance.US</a>) filed sealed documents with the court. It includes text of the proposed order, opposition to the SEC seeking additional details from <a rel="noopener noreferrer nofollow" title="Binance.US" href="https://thebittimes.com/tag/binance-us.html">Binance.US</a>, and eight exhibits supporting its stance in the lawsuit.</p> 
 <p>In addition, Binance’s subsidiary filed its response to non-motion documents by the U.S. SEC claiming that there’s no evidence of wrongdoings such as commingling of funds, control of Binance and CEO CZ over Binance.US, or diverting customer assets.</p> 
 <p>Defendants have redacted and filed the same sealed exhibits, as well as a declaration from <a rel="noopener noreferrer nofollow" title="Binance.US" href="https://thebittimes.com/tag/binance-us.html">Binance.US</a> attorney Matthew Beville. <a rel="noopener noreferrer nofollow" title="Binance" href="https://thebittimes.com/tag/binance.html">Binance</a> and <a rel="noopener noreferrer nofollow" title="Binance.US" href="https://thebittimes.com/tag/binance-us.html">Binance.US</a> continue to oppose the SEC’s arguments in the lawsuit.</p> 
 <p><strong>Also Read:</strong></p> 
 <ul> 
  <li>Pro-XRP Attorney Deaton Weighs In On Binance Vs SEC Lawsuit</li> 
  <li>BTC Price Respects $25k Defense Line As Recovery Begins, $30k-Bound Rally Beckoning?</li> 
  <li>Crypto Volatility Shoots Over FTX’s Rumoured $3.4 Billion Sale, What’s the FUD?</li> 
 </ul> 
</div>  
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/binance-files-opposition-and-joint-motion-with-us-sec-details-tbt62375.html">https://thebittimes.com/binance-files-opposition-and-joint-motion-with-us-sec-details-tbt62375.html</a></p>

Binance Files Opposition And Joint Motion With US SEC: Details

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