"Binance's Legal Maneuver: Seeking Protective Order against SEC"

Binance has filed for a protective court order against the U.S. Securities and Exchange Commission (SEC), claiming that the regulator's information requests are excessive and burdensome. The order seeks to limit the SEC's depositions and drop the depositions of Binance's CEO and CFO. Binance and its operating company, BAM Trading, argue that they have already provided sufficient information to the SEC. The SEC sued Binance and its CEO in June, alleging various charges including market manipulation and misleading investors. Binance maintains that there is no evidence of customer asset misuse.