Coin

<ul class="news-points">
 <li>Binance and SEC engage in a thorough legal battle over transparency and regulatory compliance.</li>
 <li>SEC pushes for detailed insights into Binance’s operations, focusing on wallet software and asset handling.</li>
 <li>Binance responds with extensive document disclosure, aiming to resolve legal confrontation by April.</li>
</ul>
In the final stages of a lengthy legal battle, <a href="https://coinedition.com/binance-pushes-prime-brokers-to-impose-stringent-checks-on-us-investors/" rel="noopener noreferrer nofollow">crypto firm Binance</a> faces off against the US <a href="https://coinedition.com/sec-vs-do-kwon-lunc-and-usdc-in-the-crosshairs/" rel="noopener noreferrer nofollow">Securities and Exchange Commission (SEC)</a>. With the discovery phase nearing completion, both parties are preparing for the last lap of this high-stakes confrontation.
According to Coinpedia’s <a href="https://coinpedia.org/news/the-final-showdown-binance-vs-sec-legal-battle-nearing-conclusion/" target="_blank" rel="noopener noreferrer nofollow">report</a>, in a careful exchange of requests and revelations, the SEC has pushed Binance for detailed insights into its operations. The agency’s focus spans from scrutinizing Binance’s wallet software to its handling of customer assets, seeking clarity on the cryptocurrency exchange’s modus operandi.
Consequently, Binance responded with 300,000 pages of documents, asserting compliance with disclosure obligations. Despite the exhaustive nature of the discovery process, both sides have delved deep into the technical difficulties of cryptocurrency operations.
Acknowledging the need f…
The post <a href="https://coinedition.com/final-stretch-binance-vs-sec-legal-duel-draws-to-conclusion/" rel="noopener noreferrer nofollow">Final Stretch: Binance vs. SEC Legal Duel Draws to Conclusion</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Final Stretch: Binance vs. SEC Legal Duel Draws to Conclusion

Coin Edition

Other articles published on Mar 25, 2024

BEFE Coin’s Meteoric Rise Spells the End for PEPE and Bonk in Crypto Circles

Analyst Insights: Bitcoin's Weekly Consolidation Signals Stability Amidst Halving

Solana (SOL) Can Enter a Correction That Can Last Many Months, Warns Analyst

Top Meme Coins to Buy with 100x Potential

Binance Executive Flees Nigeria To Avoid Tax Evasion Prosecution

Crypto Markets Witness Historic Investment Outflows

Join our free newsletter for daily crypto updates!