Binance has sought a court order to protect itself from the United States Securities and Exchange Commission (SEC), claiming the regulator is making excessive and irrelevant discovery requests.
Binance said in a court document on Aug. 14 that it has complied with a June court order, but the SEC has asked for “every single document in [Binance’s] possession related to customer assets.”
The June order allowed the SEC to access Binance’s information on how it handles, secures and provides customer assets.
However, Binance said this was not related to the SEC’s lawsuit, and that it has already provided information on customer assets and the SEC has not shown any evidence of misuse.
Binance also said the SEC is requesting all communications since November 2022 on “dozens of topics — many of which have nothing to do with customer assets.”