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Binance.US deems SEC's court requests 'unreasonable' in recent filing

Binance.US deems SEC’s court requests ‘unreasonable’ in recent filing

Binance.US has responded to the United States Securities and Exchange Commission’s (SEC) motion to compel and reply, describing most of the SEC’s requests as “unreasonable” and “unduly burdensome.” The attorneys for BAM Trading Services, which operates Binance.US, filed sealed documents opposing the SEC’s request for additional details. They argued that the SEC’s requests were overly broad and beyond the scope of the consent order. The attorneys also stated that the SEC’s motion failed to provide any evidence linking BAM’s CEO and CFO to the management of customer assets. They further claimed that the SEC’s allegations were misleading and mistaken. The response from BAM came after both parties agreed to file confidential information under seal.

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