The post SEC & Binance Files for Joint Motion for Protective Order Concerning Confidential Information appeared first on Coinpedia Fintech News
The U.S. Securities and Exchange Commission (SEC) and Binance, one of the world’s leading cryptocurrency exchanges in trading volume, have agreed to file confidential information under court seal. The news broke late yesterday as a joint motion was submitted by all parties involved.
The SEC, along with Binance Holdings Limited, BAM Trading Services Inc, BAM Management US Holdings Inc, and CEO Changpeng ‘CZ’ Zhao, filed a protective order to restrict access to potentially sensitive documents. As per the joint filing, these materials are categorized under two tiers: “CONFIDENTIAL” or “HIGHLY CONFIDENTIAL – ATTORNEYS’ EYES ONLY.”
The protective order comes on the heels of a contentious legal struggle that has been unfolding since June 2023 when the SEC levied 13 charges against Binance and its CEO Changpeng Zhao, including al
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