‘I Just Want to Keep Things Moving’: Judge Makes No Ruling in SEC-Binance Document Dispute
Judge Zia Faruqui did not make any rulings on the SEC’s discovery requests or Binance.US’s opposition.
Judge Zia Faruqui did not make any rulings on the SEC’s discovery requests or Binance.US’s opposition.
Hopes for a spot bitcoin ETF and the latest regulatory actions could prove to be further catalysts.
The crypto exchange is fighting to avoid handing over certain documents to the regulator, arguing the SEC’s requests are “overbroad.”
The price earlier on Monday had risen to above $27,400, its highest level since late August.
The uptick comes as the company has secured a number of notable partnerships with traditional finance institutions.
As regulators prepare to square off with one of the world’s biggest crypto exchanges in court, Ceffu has denied any ties to Binance or U.S. operations. The reality is murkier.
The regulator asked a U.S. court to reject Binance’s “half-hearted” objections to its motion seeking depositions, an inspection and communication from the exchange.
Among nine new supporters of the legislative effort to ward off illicit uses of crypto are Democratic chairs of the Homeland Security and Judiciary committees.
Many in the sector are down 50% or more over the past two months.
Most of the firm’s limited partners are traditional institutional investors, including university endowments, private foundations, financial institutions, sovereign wealth funds and U.S. pension plans