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Binance Files a Motion Against the SEC’s “Fishing Expedition.”

Crypto Live News

Author: Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

Binance has filed a motion for a protective order against the SEC, citing a “fishing expedition” from the regulator. The crypto exchange claims the SEC is demanding it provide communications dating back to November 2022 on “dozens of topics” that have no bearing on customer assets. Binance also objected to the SEC’s request that six of its employees and officers, including CEO Changpeng “CZ” Zhao, be made available for depositions, arguing that those who have firsthand knowledge have already been offered for questioning.

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