Judge Announces Order in Binance Vs US SEC Lawsuit
Former SEC Chief’s Predictions About BinanceUS Protective Order The motion for a protective order filed by defendants BAM Trading Services and BAM Management US Holdings is referred to Magistrate Judge Faruqui for resolution, according to a filing in the court. advertisement Judge Amy Berman Jackson ordered Magistrate Judge Faruqui to mediate the dispute between Binance US and SEC regarding matters mentioned in the protective order. Binance US argues SEC is exceeding the agreed-upon consent order, requests the court for an order to preclude depositions of Binance US’ CEO and CFO, and reject SEC’s demands that has nothing to do with the case. Former SEC chief John Reed Stark’s prediction that Judge Jackson will refer Binance ’s motion for a protective order to Magistrate Judge Faruqui for resolution comes out true. Stark believes the Judge will order Binance to provide most of what the SEC requests. However, the judge may eliminate ...