Court status report confirms Binance, SEC at odds

Court filings reveal ongoing conflicts between Binance and the U.S. SEC over evidence production and the arrangement of witness testimonies.

Binance and the United States Securities and Exchange Commission continue to clash over evidence production and witness depositions in the regulator’s case against the crypto exchange, court documents indicate.

According to a joint status report filed on Jan. 25, the SEC contends that “there are important aspects of discovery from BAM that are outstanding.” BAM Trading Services is the parent company of Binance.US.

The SEC’s requests for evidence from Binance in the court case have been extensive and have led to some contention, particularly regarding custody and liquidity of assets. The regulator has been looking for evidence that Binance.US had a backdoor to potentially control customer assets in a way similar to FTX.

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