The Securities and Exchange Commission (SEC) and Binance Holdings, Binance.US, and CEO Changpeng “CZ” Zhao have filed a joint status report to the District Court of Columbia, but they are not in agreement on document discovery and depositions. Binance.US and the SEC have confirmed a deposition for October 18, but have failed to reach a conclusion on discovery requests. Binance.US believes the SEC's requests since the September 18 hearing are unreasonable, and that the SEC's approach is inconsistent with the consent order. Binance and CZ have requested the court to dismiss the lawsuit, claiming that the securities regulator is overreaching its authority. A crucial hearing is scheduled for October 12.
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SEC and Binance still at odds over document discovery and depositions
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