Sep 15, 2023

CoinDesk's global policy and regulation managing editor Nikhilesh De breaks down the latest court filings unsealed on Thursday, where the U.S. Securities and Exchange Commission (SEC) accuses Binance.US of not playing ball with their probe.

Video transcript

The filings that we've seen unsealed, uh you know, really kind of do hint that the SEC strongly believes that, you know, Binance US is being, you know, at the very least, uh you know, a little bit misleading about how it's operating. So what's really interesting is we actually saw Binance Us respond to the sealed filings earlier this week at the time. We, you know, obviously we didn't know what the filings contained. But the Binance Us response from a couple of days ago, uh pointed to deposition requests for people like Binance U Well, now former Binance Us, Ceo Brian Schroeder, uh more document for uh discovery production requests, things like that. And now we do have more information on, you know, why the SEC is asking for this. They think that Binance Us is not complying or potentially not complying with the consent order. The two parties agreed to way back in June.

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