SEC claims Binance.US ‘unwilling’ to give info, requests court intervenes
Binance.US isn’t answering important questions, the SEC claims, but the crypto exchange says further requests exceeded the regulator’s bounds.
Binance’s United States arm, Binance.US, hasn’t been providing answers to key questions relating to customer assets and other core elements of an ongoing investigation, the U.S. Securities and Exchange Commission claims.
BAM Trading Services — doing business as Binance.US — has been “unable or unwilling” to answer requests for information concerning the custody of customer assets, the SEC alleged in a March 5 joint status report to a Washington, D.C. District Court.
It asked the court to intervene to speed up the discovery process.
...