Final Stretch: Binance vs. SEC Legal Duel Draws to Conclusion

• Binance and SEC engage in a thorough legal battle over transparency and regulatory compliance.
• SEC pushes for detailed insights into Binance’s operations, focusing on wallet software and asset handling.
• Binance responds with extensive document disclosure, aiming to resolve legal confrontation by April.

In the final stages of a lengthy legal battle, crypto firm Binance faces off against the US Securities and Exchange Commission (SEC). With the discovery phase nearing completion, both parties are preparing for the last lap of this high-stakes confrontation.

According to Coinpedia’s report, in a careful exchange of requests and revelations, the SEC has pushed Binance for detailed insights into its operations. The agency’s focus spans from scrutinizing Binance’s wallet software to its handling of customer assets, seeking clarity on the cryptocurrency exchange’s modus operandi.

Consequently, Binance responded with 300,000 pages of documents, asserting compliance with disclosure obligations. Despite the exhaustive nature of the discovery process, both sides have delved deep into the technical difficulties of cryptocurrency operations.

Acknowledging the need f…

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