SEC Rips Into Binance.US Over 'Shaky' Asset Custody, Asks Court to Order Inspection

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SEC Rips Into Binance.US Over 'Shaky' Asset Custody, Asks Court to Order Inspection
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The regulator asked a U.S. court to reject Binance's 'half-hearted' objections to its motion seeking depositions, an inspection and communication from the exchange.

that the firm had failed to produce documents sought by the regulator in ongoing legal proceedings.

"The SEC seeks an order compelling BAM to produce documents and communications concerning any entity providing it wallet custody software and related services," the filing said, referring to BAM's"evolving" explanations for Ceffu.

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