Binance Voices Out Against The SEC Court Requests
Binance US says the U.S. SEC's recent requests are "too much" and "unfair." They believe the demands don't match their agreement.
Binance US pushes back against the U.S. SEC's demands. Recently, the U.S. Securities and Exchange Commission (SEC) asked Binance US for more details. But Binance US replied on Sept. 12, saying many of these demands are “too much” and “unfair.”
Binance US's lawyers stated that the SEC's requests are “too wide, unfair” and not fitting the original agreement. They also said the SEC's wish to question Binance US's executives, Brian Shroder and Jasmine Lee, is “not reasonable.” According to them, these leaders don't handle daily details related to the exchange’s customer money.
The lawyers highlighted that both Shroder and Lee don’t have special info about the main topics in the agreement. They added that Binance US has other people, like their security chief Erik Kellogg, who know more. The lawyers shared, “Asking these leaders to answer is more trouble than it’s worth, and what the SEC wants to know isn't that important.”
In short, Binance US thinks the SEC is asking for too much and not being fair.
