Judge Sets A Hearing Date For Binance vs. SEC Lawsuit On September 18

Magistrate Judge Zia M. Faruqui has set a crucial hearing date for two pivotal motions, marking another twist in this legal saga.

The hearing, scheduled for September 18, 2023, at 1:00 PM ET, will delve into Motion 95, known as the Protective Order, and Motion 102, which seeks to compel and reply in further support of BAM Defendants’ Motion for a Protective Order (Redacted). Both motions have been filed by BAM Management and BAM Trading Services, affiliates of Binance.US.

This development follows a joint motion dated September 11, 2023, in which the SEC, Binance Holdings Limited, BAM Trading Services, BAM Management, and CEO Changpeng ‘CZ’ Zhao sought a protective order to restrict access to potentially sensitive documents. These materials have been classified as either “Confidential” or “Highly Confidential – Attorneys’ eyes only.”

Furthermore, Binance.US has raised concerns about the SEC exceeding the boundaries of an agreed-upon consent order. They are requesting the court preclude depositions of Binance.US’ CEO and CFO, while also pushing back against the SEC’s demands that appear unrelated to the core case.

Judge Amy Berman Jackson has directed Magistrate Judge Faruqui to mediate the dispute between Binance.US and the SEC, particularly with regard to issues mentioned in the protective order. This legal battle continues to evolve, with both sides vigorously defending their positions in this high-stakes clash.

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