
Binance Fires Back at SEC, Alleging Discovery Abuse and Seeking Legal Safeguards
Binance disputes with the U.S. Securities and Exchange Commission (SEC) as it files for court-ordered protection against what it alleges to be excessive and unreasonably broad discovery demands. The exchange contends that the SEC’s interpretation of a June court order has gone beyond its intended scope, and Binance seeks safeguards to ensure a fair and focused examination of its practices. Binance’s complaint, lodged on August 14, accuses the SEC of abusing the discovery provision of a Consent Order that authorized “limited expedited discovery” on specific aspects concerning the custody, security, and availability of customer assets. The exchange argues that the