According to documents filed with the court on October 13, US District Judge Zia M. Faruqui has given Binance, Binance.US, CEO CZ, and the US SEC more time. He has requested that the parties cooperate in providing the necessary document evidence and witness testimony as agreed upon in the previous consent order. Binance, Binance.US, and CEO CZ, as well as the US SEC, submitted a joint status report on Wednesday, but Judge Faruqui was not satisfied with their performance. The plaintiff and defendant failed to reach any conclusion regarding the request for document disclosure. The SEC argued that BAM only provided about 382 documents and refused to provide its position on providing the remaining documents as required by the consent order. Binance.US stated that since the hearing on September 18, the SEC has made more unreasonable demands. Judge Faruqui has requested that the parties submit a joint status report by October 30. Meanwhile, the SEC, Binance, and CZ will meet to discuss these requests. Meanwhile, Paradigm Operations has submitted a friend of the court brief in support of Binance's motion to dismiss the US SEC lawsuit because the SEC lacks regulatory authority over cryptocurrency. Paradigm earlier pointed out errors in the Howey Test used by the SEC in investment contracts and the word "scheme". In addition, it believes that the SEC's definition of "investment contract" applies securities laws to ordinary asset sales. Paradigm believes that Congress must provide a regulatory framework for cryptocurrency to prevent the SEC from forcibly obtaining regulatory power over cryptocurrency assets.