Binance.US, the American branch of cryptocurrency giant Binance, is seeking permission to file sensitive documents under seal in response to the ongoing lawsuit by the U.S. Securities and Exchange Commission (SEC). The company argues that the SEC’s demands for document discovery and depositions are unreasonable. Filing under seal allows Binance.US to present confidential information in court, such as financial records and proprietary data, while keeping it hidden from the public. The submission includes a declaration from attorney Matthew Beville, exhibits, and a draft order by legal expert William McLucas. The presiding judge has urged both parties to cooperate and work towards a resolution, requesting a cohesive status report by October 30. The SEC claims that Binance.US has only disclosed a fraction of the requested documents, while Binance.US has raised concerns about the excessive demands made by the SEC.

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Information	Details
Geography	North America
Countries	🇺🇸
Sentiment	neutral
Relevance Score	1
People	William McLucas, Changpeng Zhao, Matthew Beville
Companies	U.S. Securities and Exchange Commission (SEC), Binance Holdings, Binance.US, BAM Trading Services, BAM Management US Holdings
Currencies	None
Securities	None