Visi Money
TLDR: In the ongoing legal battle between the Securities and Exchange Commission (SEC) and Binance Holdings Ltd., a joint status report was filed detailing the current status of the case. The report focuses on the discovery-related disputes between the two parties. Key points from the report include:
– The SEC asserts that crucial aspects of discovery remain outstanding, including discrepancies in document production by Binance/BAM and the need for additional information.
– There are disputes over the scope of depositions and the SEC’s rights for more testimony.
– Binance and its CEO Zhao have not produced any documents since the last status report.
– Discussions are ongoing regarding the deposition of Zhao and other Binance witnesses, as well as the proposal of a protective order to address confidentiality concerns.
– The next status report is scheduled for February 15, 2024, and the timing of a future status conference will be determined in conjunction with that report.
The joint status report provides insight into the ongoing disputes between the SEC and Binance/BAM regarding document production, depositions, and other discovery-related matters. These disputes will likely play a significant role in the outcome of the case.
