Binance’s US-based crypto exchange Binance.US to file its reply to the U.S. Securities and Exchange Commission’s (SEC) motion to file secret documents and objection to the protective order. The lawsuit crucial for the entire crypto industry has pro-XRP attorney John E. Deaton and other experts speculating on details in the confidential documents.
XRP lawyer John E. Deaton on September 11 said Binance objects to the SEC’s motion to file sealed documents will be interesting, another blow to the SEC’s weakening arguments in federal courts. In addition, it will possibly hint at the nature of the documents the SEC submitted to the court.
SEC made 37 supportive submissions including exhibits, declarations, and supplements along with a motion in opposition to the protective order by Binance. US. Furthermore, a recent filing hinted at a motion to compel and for other relief filed by the SEC. A motion to compel asks the court to enforce a request for information from an opposing party, typically in discovery disputes.