The post SEC Requests To File Omnibus Brief Against Binance, Binance U.S. & CZ appeared first on Coinpedia Fintech News
In the most recent development in the SEC’s action against Binance, Binance.US, and CEO CZ, the SEC plans to submit an omnibus brief. The securities regulator aims to dismiss the complaint filed by Binance.US and a motion by Binance Holdings and Changpeng “CZ” Zhao to dismiss the lawsuit.
SEC’s Omnibus Brief
The SEC’s omnibus brief will likely present a comprehensive argument outlining why they believe the complaint and motion should be dismissed. This move by the SEC indicates their determination to address all legal challenges Binance.US, Binance Holdings, and CZ pose in one consolidated document.
Moreover, Magistrate Judge Faruqui has granted an order to seal certain documents related to the parties’ Joint Status Report. The order suggests that sensitive information or trade secrets may be involved in the case that need to be protected from publ
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