Menu
Home
Advertise
Forums
Search forums
What's new
Unread posts
Latest activity
Earn Money
Review Website/Apps
Passive Income
Money apps
Paid Survey
Stock
Forex
Real estate
Paid to write
Social Media Monetization
Crytocurrency
Bitcoin (BTC)
Ethereum (ETH)
Crypto Exchange
Mining
Crypto Faucet / Airdrops
Binance
Business
Business strategy
Funding a business
Marketing
Digital Marketing
Social media marketing
Email marketing
Brand management
Personal Finance
Money Saving
Personal loan
Retirement
Debt help
Savings for Students
Tax relief
Insurance
Car Insurance
Life Insurance
Liability Insurance
Home Insurance
Health Insurance
Disability Insurance
FAQ
Log in
Register
What's new
Search
Search
Search titles only
By:
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Money Making Forums
Cryptocurrency Forums
US Court denies SEC decision
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
[QUOTE="eliasisaac5, post: 320443, member: 102377"] The US court declined the request of the SEC to inspect the Binance. US software. This decision complicates the whole scenario between the SEC and the digital trading platform, it started in the second quarter of 2023 when the SEC accused Changpeng Zhao (CZ) who is the CEO of Binance of regulating an unlicensed securities exchange. During the court hearing on September 18, the judge decided not to grant the SEC’s request to inspect Binance US software and the SEC didn’t demand additional documents. The Securities and Exchange Commission filed charges against Binance and its founder, Changpeng ZhaoCZ, in the second quarter of 2023, accusing them of operating an unregistered securities exchange. As a result, the Securities and Exchange Commission was actively working to ensure that US assets of Binance.US customers remained in the US. However, since that time the Securities and Exchange Commission has expressed its disappointment in Binance.US for failing to produce any relevant documents or being unable to verify their compliance with proposed expedited discovery conditions. It has also proved difficult for the SEC to obtain information from Binance.US, its global subsidiary Binance Holdings Ltd., and it’s CEO Changpeng Zhao. The Securities and Exchange Commission requested on Monday that a federal magistrate judge be allowed to examine Binance.US' technological infrastructure and order the company to comply with requests for information. Instead of immediately ruling in favor of either party, the judge stressed the importance of cooperation, urging both sides to work together on their discovery requests. In one of the Agency's most widely known Digital Assets cases, refusal to immediately gain access to the Securities and Exchange Commission constitutes an administrative setback. The SEC expressed disappointment with Binance.US, arguing that the company had failed to provide adequate and deficient documents as well as limited numbers of witnesses available for questioning. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Money Making Forums
Cryptocurrency Forums
US Court denies SEC decision
Top