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Derek Andersen3 hours agoSEC reverses decision on sealing, redacting some documents in Binance.US caseThe documents filed Aug. 28 may be seen by the public in a week. They are not all the sealed documents in the case, however.1185 Total views6 Total sharesListen to article 0:00NewsJoin us on social networksObservers should soon get a look at some of inaccessible documents in the United States Securities and Exchange Commission’s (SEC) case against Binance. The documents were sealed or redacted at the SEC’s request and are being unsealed at the request of the SEC itself.


District of Columbia District Court Magistrate Judge Zia Faruqui issued an order Sept. 15 granting the SEC’s motion to unseal or remove the redaction from the documents. The order lists 18 sealed documents and another nine partially sealed or redacted documents. Filing of sealed documents in the case of SEC v. Binance.US. Source: CourtListener


Binance and “any nonparty that claims a confidentiality designation regarding documents relating to the SEC’s Motion to Compel” will be able to argue against the unsealing for seven days, and the SEC will have seven days to respond to those claims.Late night filing by SEC in Binance case mostly redacted and sealed but it looks like SEC fired back tons of evidence and testimony against some claim Binance has made. It’s a bit of a land slide compared to what we’ve seen so far.

Wonder if any correlation to weird Chinese OTC… pic.twitter.com/rq5oeXycdE— Adam Cochran (adamscochran.eth) (@adamscochran) September 15, 2023


All of the sealed documents, filed as docket no. 102, were filed on Aug. 28. There was speculation at the time that they were connected with a U.S. Justice Department investigation of Binance. The partially sealed documents total 117 pages. Among them are internal Binance.US documents, emails and SEC court filings, including the memorandum on Binace.US’ compliance with SEC discovery efforts filed Sept. 14.


Related: Binance.US not cooperating with investigation, US SEC says in filing


The list in Faruqui’s order does not encompass all the sealed documents filed in the case. A proposed order filed by BAM, the Binance.US holding company, on Sept. 11, along with the SEC’s opposition document and eight exhibits, were filed as sealed and are not mentioned in the order.


The SEC case against Binance.US, Binance and CEO Changpeng Zhao was initiated in June and revolves around claims of unregistered securities operations and other improprieties, including wash sales. Binance.US requested a protective order against the SEC in August.


Magazine: Cleaning up crypto: How much enforcement is too much?# SEC# Cryptocurrency Exchange# Binance# RegulationAdd reactionAdd reactionRead moreWho invented NFTs?: A brief history of nonfungible tokens10 years later, still no Bitcoin ETF — but who cares?Wyoming stablecoin: Are state digital currencies even possible?

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