{"id":25853,"date":"2024-01-27T02:45:35","date_gmt":"2024-01-27T02:45:35","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/binance-and-sec-locked-in-dispute-over-court-evidence\/"},"modified":"2024-01-27T02:45:35","modified_gmt":"2024-01-27T02:45:35","slug":"binance-and-sec-locked-in-dispute-over-court-evidence","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/binance-and-sec-locked-in-dispute-over-court-evidence\/","title":{"rendered":"Binance and SEC Locked in Dispute Over Court Evidence"},"content":{"rendered":"<p><b>(Originally posted on : Crypto News &#8211; iGaming.org )<\/b><br \/>\n<\/p>\n<div>\n<p>Binance dispute with the United States Securities and Exchange Commission (SEC) continues to linger on and seems all but over. As revealed in a joint status report <a href=\"https:\/\/www.courtlistener.com\/docket\/67474542\/211\/securities-and-exchange-commission-v-binance-holdings-limited\/\">filed<\/a> on January 25,there are disagreements over the production of evidence and the deposition of key witnesses.<\/p>\n<p>The SEC alleges that Binance\u2019s parent company, BAM Trading Services, hasn\u2019t fully met its discovery obligations. This includes providing evidence related to the custody and liquidity of assets, echoing concerns similar to those raised in the FTX case. The SEC is scrutinizing whether Binance.US had control over customer assets in a comparable manner.<\/p>\n<p>BAM\u2019s legal team insists they have complied with all document production demands as required by the consent order and expedited recovery request. They stress that the SEC\u2019s extensive demands have caused harm and burden over the past seven months.<\/p>\n<p>The nature and extent of the SEC\u2019s investigation are at the heart of this dispute. BAM contends that the SEC is overstepping the boundaries set by the consent order, which they believe should limit the investigation to confirming the safety and proper accounting of customer assets. They accuse the SEC of an overly broad investigation into BAM\u2019s custody policies and practices.<\/p>\n<p>Another key issue is the deposition of former BAM executives, presumably Brian Shroder and Jasmine Lee. BAM argues against further depositions, pointing out that the SEC has already deposed numerous witnesses.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\"> <strong>5BTC or 111% + 111 Free Spins!<\/strong> <\/p>\n<p>New players only. Exclusive 111% Welcome Bonus + 111 Free Spins<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>The case also discusses the potential deposition of Binance co-founder Changpeng Zhao. Disagreements persist over the specifics of this deposition, including its scope and timing. Zhao resigned as Binance\u2019s CEO in November 2023 following a <a href=\"https:\/\/igaming.org\/crypto\/binance-settles-with-u-s-for-4-3-billion-zhao-steps-down-as-ceo\/\">settlement<\/a> with U.S. regulators. His sentencing is scheduled for February 23, 2024.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/igaming.org\/crypto\/binance-and-sec-locked-in-dispute-over-court-evidence\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Crypto News &#8211; iGaming.org ) Binance dispute with the United States Securities and Exchange Commission (SEC) continues to linger on and seems all but over. As revealed in a joint status report filed on January 25,there are disagreements over the production of evidence and the deposition of key witnesses. The SEC [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":25854,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/25853"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=25853"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/25853\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/25854"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=25853"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=25853"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=25853"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}