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  2. Binance digital asset exchange has filed a protective order against the U.S. Securities and Exchange Commission (SEC), attempting to limit the regulator’s demands for information and witness deposition in the lead-up to their civil trial. The SEC is suing Binance on 13 charges, including inflating its trading volumes and diverting customer funds.
    coingeek.com/binance-files-for-protective-order-ag…
    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. In an Aug. 14 court filing, Binance put forward a motion for a protective order following deposition notices and discovery requests from the SEC.
    cointelegraph.com/news/binance-files-motion-for-pr…
    On August 14th, the crypto exchange filed for a protective order against the SEC to limit its probing into Binance’s records that fall outside of the scope of the Consent Order from early June. Binance claims that the SEC is seeking documents that are unrelated to the ongoing investigation into customer assets.
    www.bitdegree.org/crypto/news/binance-accuses-t…
    Binance.US, the U.S. arm of the world's largest centralized cryptocurrency exchange platform by trading volume, has taken a significant step against the U.S. Securities and Exchange Commission (SEC) by filing a protective order in court to counter what it calls a "fishing expedition" by the financial regulator.
    www.ibtimes.com/binanceus-makes-major-move-a…
    On Monday, august 14, crypto exchange Binance filed for a protective order against the U.S. Securities and Exchange Commission (SEC) while claiming that the regulator’s request for the company’s communications are "overbroad" and "unduly burdensome”.
    www.worldcoinindex.com/news/crypto-exchange-bi…
     
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    Why did Binance file a protective court order against the SEC?Aug 15 (Reuters) - Crypto exchange Binance late on Monday filed for a protective court order against the U.S. Securities and Exchange Commission, saying the regulator's requests for information were "over broad" and "unduly burdensome."
    Why did Binance file a motion for a protective order?Binance filed a motion seeking a protective order concerning deposition notices and discovery requests made by the US Securities & Exchange Commission (SEC). The exchange states that the financial regulator is asking for communication that includes topics that have nothing to do with customer assets.
    Is Binance pursuing a crime under the SEC's consent order?While the Consent Order authorizes the SEC to engage in narrow and limited discovery to ensure customer assets are available, Binance claims the regulator is creating an investigation in search of a crime. The filing explains that six of the exchange’s executives, including CEO Changpenge Zhao (known as CZ), are available for depositions.
    Will Binance hand over a deposition notice to the SEC?In its court filing, Binance notes that the SEC has urged the exchange to hand over communication dating back to November 2022. Binance filed a motion seeking a protective order concerning deposition notices and discovery requests made by the US Securities & Exchange Commission (SEC).
     
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