Binance Vs SEC News: BinanceUS Files Motion In Response To Earlier Deal With SEC
BinanceUS to Delay Financial Reporting to the US SEC Binance.US filed a motion for an extension of time to submit verified accounting details to the US SEC, according to a filing in the District Court for the District of Columbia. advertisement According to a consent order signed by Judge Amy Jackson in June, BAM Management US Holdings and BAM Treading Services are ordered to share a detailed financial statement. It includes records of business expenses and estimated costs from December 1, 2022 to the date of the accounting, with the US SEC in the next few weeks. Binance believes the regulatory action in the US is mainly to target the crypto exchange and its entities. Also, accounting firms are reluctant to work with crypto firms amid intense scrutiny from regulators, especially after the FTX crisis. As CoinGape Media reported, the proposed agreement allows only Binance .US employees to access customer funds on the US-based crypto exchange. Binance Global off...