Judge asks Binance.US, SEC to simmer down in dispute over documents

A D.C. district judge encouraged Binance Holdings Limited and the SEC Commission to work together as the agency pushes for more information.

The SEC is asking for information around the custodying customer assets including"disaster recovery policies," maintaining control of the crypto asset wallets and BAM's financial statements, including its general ledger.The agency too has asked for information about Ceffu, which the SEC says is a"newly rebranded Binance Entity" that appears to control customer assets.

The SEC and BAM agreed to an October 12 hearing and to the filing of a joint status report by October 10. © 2023 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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