In the legal fight between Binance and the SEC, on March 25, a judge named Zia M. Faruqui told both sides to share how things are going with their investigation (they call this “expedited discovery”) by April 5. They must also give ideas on what to do next in this legal battle.

The SEC is doing a deep dive into Binance’s business, wanting to know everything from keeping track of people’s assets to ensuring everything’s above board. They’re putting the microscope on how Binance does its thing, especially looking at the software it uses for its digital wallets and how it handles its customers’ money.

Binance has handed over a mountain of paperwork. We’re talking 300,000 pages to show they’re following the rules. But Binance isn’t stopping there. They’ve said they’ll give even more information—stuff that isn’t top secret, including chats between their workers, to clarify things. This shows they have nothing to hide, especially with how they run things in the U.S.

In the middle of this drama is Changpeng Zhao, the man who started Binance. The SEC is interested in him and how he was running the show. It looks like Zhao and his team are trying to work with the SEC to address their worries. Earlier, the SEC had accused Binance of not cooperating with its investigation.

Amid the increased regulatory scrutiny, Binance has not stood still. They’ve moved to separate their massive $10 billion investment division, known as Binance Labs, from the main cryptocurrency exchange operations.

Earn more PRC tokens by sharing this post. Copy and paste the URL below and share to friends, when they click and visit Parrot Coin website you earn: https://parrotcoin.net0

PRC Comment Policy

Your comments MUST BE constructive with vivid and clear suggestion relating to the post.

Your comments MUST NOT be less than 5 words.

Do NOT in any way copy/duplicate or transmit another members comment and paste to earn. Members who indulge themselves copying and duplicating comments, their earnings would be wiped out totally as a warning and Account deactivated if the user continue the act.

Parrot Coin does not pay for exclamatory comments Such as hahaha, nice one, wow, congrats, lmao, lol, etc are strictly forbidden and disallowed. Kindly adhere to this rule.

Constructive REPLY to comments is allowed