The attorneys for Binance.US have called the regulator's motion for more details
The information the SEC is seeking is disproportionate to what was requested in the Consent Order, Binance argued.In its latest filing,the Securities and Exchange Commission’s latest motion for more details “unreasonable,” “unduly burdensome, and “freewheeling.”
The defense attorneys argued that the regulator’s requests for production and interrogatories were “overly broad, unduly burdensome,” and “beyond the scope of the consent order.” They claimed that the regulator couldn’t prove that any of these individuals are involved in the day-to-day decisions regarding the custody and transfer of assets at Binance.US.
The attorneys also argued that the SEC has no evidence to support its allegations regarding the diversion of customer assets. They claimed,
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