SEC Challenges Binance US's Objections in Latest Court Motion

SEC Challenges Binance US's Objections in Latest Court Motion

In a new development today, the U.S. Securities and Exchange Commission (SEC) has asked a court to dismiss the objections raised by Binance US regarding the regulator's recent legal motion.

According to CoinDesk, the SEC claimed that an audit of Binance US revealed difficulties in confirming that the company was fully backed by collateral. Binance US has countered these requests, arguing that the SEC is overstepping its jurisdiction.