Binance Applies to Court for Protective Order Against SEC's 'Fishing Forensics'

Odaily Planet Daily News Binance has asked the court to issue a protective order against the US Securities and Exchange Commission (SEC) on the grounds that Binance claims that the regulator has adopted a "fishing expedition." According to court documents filed on Aug. 14, Binance filed a motion for a protective order after receiving a notice of deposition and a discovery request from the SEC. Binance stated that BAM carried out its work in good faith, but the US SEC has always believed that the consent order gives it full power to investigate all aspects of BAM's asset custody behavior without any obvious restrictions. Binance claims that the US SEC requested it to provide the content of communications dating back to November 2022 on dozens of topics, many of which have nothing to do with customer assets. It also disputed the SEC's request that six of its employees and officers, including CEO CZ, testify. (Cointelegraph)