The SEC claims Binance has been uncooperative despite the crypto exchange agreeing to a consent order on discovery in the regulator’s case against it.
Binance CEO Changpeng Zhao played it cool in the hours leading up to the hearing in District of Columbia District Court on Sept. 18, posting a picture of branded merchandise with a cheery message about the company’s interns.
He is likely to pay close attention to the court proceedings, however, as the disagreement between the United States Securities and Exchange Commission (SEC) and Binance.US is at a high pitch after a week of adversarial filings.
Magistrate Judge Zia Faruqui is holding a hearing on the SEC’s motion to compel, which Binance has characterized as “unduly burdensome.” The SEC said that Binance is uncooperative, despite agreeing to a consent order on discovery in the SEC’s case against it for unregistered securities operations and other allegations.
How can I get these?
The interns sends me pics to tweet, but not the actual merchandise… ♂️ pic.twitter.com/kNXYuks4Wf
— CZ Binance (@cz_binance) September 18, 2023
This is a developing story, and further information will be added as it becomes available.
