SEC to Unseal Documents in Legal Case Against Binance US – Here’s the Latest

SEC to Unseal Documents in Legal Case Against Binance US – Here’s the Latest

The Securities and Exchange Commission (SEC) has moved to unseal documents in its legal case against Binance US. It’s the latest development in an ongoing saga between the commission and the United States branch of the world’s largest cryptocurrency exchange.

The motion to unseal the documents was filed on April 13th, 2021 and is seen as a motion for a summary judgment. According to the filing, the SEC is seeking to unseal certain documents that the court had previously ordered to be sealed. The documents in question are said to contain information related to the SEC’s ongoing case against Binance US for allegedly offering unregistered securities.

In its motion, the SEC argues that it has the right to make certain documents public, especially since they are related to a matter of significant public interest. The documents also allegedly contain information that is of great importance in determining the outcome of the case. As such, the SEC argues that it should not be required to keep these documents under seal.

This isn’t the first time the SEC has sought to unseal documents in this case. Back in February, the commission filed a motion to make certain documents related to its investigation public. However, the court ended up denying the request.

It remains to be seen if the court will decide in favor of the SEC this time around. If the motion is granted, then the public will finally get to see what the SEC has been holding back thus far. As the case progresses, it is important to stay informed as the legal battle between the SEC and Binance US could have implications for the entire cryptocurrency industry.