The Securities and Exchange Commission’s (SEC) motion to unseal documents in its lawsuit against Binance US was approved on Friday by a district judge, according to a court filing.

The information was previously filed under seal by the regulator in August, limiting access only to the attorneys involved in the lawsuit. However, the SEC moved to make several documents—including exhibits for a declaration made by SEC Trial Counsel Jennifer Farer—public on Thursday. Parties involved in the lawsuit had agreed to unseal many documents, the agency said.

The approval comes after the SEC accused Binance US of a “lack of transparency” and the company saw several recent executive departures. Binance CEO Changpeng Zhao acknowledged the recent departure of Binance US CEO Brian Shroder on Friday. Zhao said Schroder “deserved [a] break” for his accomplishments, and that Binance US’s Chief Legal Officer Norman Reed was the right person to lead Binance US moving forward.

The SEC Go to Source to See Full Article
Author: André Beganski

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