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The US SEC Failed to Convince the Judge to Immediately Launch an In-depth Investigation Into Binance US

Monday, the US Securities and Exchange Commission (SEC) failed to convince a federal judge to allow officials to immediately conduct a thorough investigation into the software of Binance.US. Since suing Binance.US and its CEO Zhao Changpeng in June of this year, the SEC has been struggling to obtain information from Binance.US.

On Monday, the SEC requested that a federal judge, Zia Faruqui, allow it to inspect Binance.US's technical infrastructure and force the company to share other necessary information. However, Judge Faruqui stated that he is "not inclined to allow an investigation at this time." He said that the SEC should make more targeted requests and speak with more witnesses.

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