Odaily court documents show that the U.S. SEC and Binance filed a motion for a joint protective order, requiring both parties to keep confidential the evidence and materials discovered in the lawsuit, including but not limited to documents, answers to questions, and transcripts of testimony. According to previous news, Binance has requested the court to issue a protective order against the U.S. SEC because Binance claimed that the regulatory agency conducted a fishing expedition. According to court documents filed on August 14, Binance filed a motion for a protective order after receiving a deposition notice and discovery request from the SEC. Binance stated that BAM carried out its work in good faith, but the US SEC has always believed that the consent order gave it full power to investigate all aspects of BAM’s asset custody practices without any obvious restrictions. Binance claimed that the U.S. SEC requested communications on dozens of topics dating back to November 2022, many of which had nothing to do with customer assets. It also disputed the SECs request for testimony from six of its employees and managers, including CEO CZ.