Bloomberg: The US SEC failed to convince the judge to immediately launch an in-depth investigation into Binance.US

Odaily News The U.S. Securities and Exchange Commission (SEC) failed on Monday to convince a federal district judge to allow officials to immediately launch an in-depth investigation into Binance.US’s software. The SEC stated that it has had difficulty obtaining information from Binance.US since it sued Binance.US and CZ in June this year. The SEC on Monday asked a federal district judge, Zia Faruqui, to allow it to inspect Binance.US’s technical infrastructure and force the company to share other required information. The judge stated that “it is not inclined to allow the investigation at this time, and the SEC should make more targeted requests and talk to more witnesses.” WilmerHale lawyer Matthew Martens, who represents Binance.US, said at the hearing that the company has Responding to every “targeted request” from the SEC, we will not respond to silly document requests from the government. (Bloomberg)