{"id":21181,"date":"2023-08-15T04:44:34","date_gmt":"2023-08-15T04:44:34","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/crypto\/binance-seeks-protective-order-against-secs-fishing-expedition\/"},"modified":"2023-08-15T04:44:36","modified_gmt":"2023-08-15T04:44:36","slug":"binance-seeks-protective-order-against-secs-fishing-expedition","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/crypto\/binance-seeks-protective-order-against-secs-fishing-expedition\/","title":{"rendered":"Binance seeks protective order against SEC\u2019s \u2018fishing expedition\u2019"},"content":{"rendered":"
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Binance has asked a court for a protective order against the Securities and Exchange Commission (SEC) over what the crypto exchange claims is a “fishing expedition” from the regulator.<\/p>\n
In an Aug. 14 court filing, Binance put forward a motion for a protective order following deposition notices and discovery requests from the SEC.<\/p>\n
“BAM has worked in good faith, but the SEC has been steadfast in its belief that the Consent Order gives it carte blanche to investigate every aspect of BAM\u2019s asset custody practices without any discernible limitation whatsoever,” the exchange wrote.\u00a0<\/p>\n
\nBinance is seeking a protective order against the SEC, claiming that they are conducting a “fishing expedition”.https:\/\/t.co\/NquMV8ShNK<\/p>\n