A federal judge overseeing the civil case between the United States Securities and Exchange Commission (SEC) and the cryptocurrency exchange Binance, Binance.US, and Binance’s CEO Changpeng Zhao (CZ), has issued a motion for a protective order to go before a first-instance judge.

In an August 16 filing in the US District Court for the District of Columbia, Judge Amy Berman Jackson stated that she would refer a motion for a protective order against the SEC, filed by Binance.US’s lawyers, to Magistrate Judge Faruqui for resolution. Binance.US’s legal team submitted the motion on August 14, claiming at the time that the order was necessary to shield the company from the SEC’s “fishing expedition” during the presentation of evidence.

Before Jackson’s decision, the former head of the SEC’s Internet Enforcement Office, John Reed Stark, speculated on X that the matter would be referred to a first-instance judge before the commission opposed it legally or publicly. As of this edition’s closing, the SEC had not filed any motion in response to Binance.US’s request.

“While each case is different, in most significant financial investigations and civil actions, the SEC tends to demand excessive information in their requests for documents, testimonies, statements, interrogations, etc.,” Stark asserts.

The crux of the order was that the SEC had requested information from Binance.US related to custody, security, and availability of user assets. The company claimed that the information was not relevant to the SEC’s case, which was filed in June for alleged unregistered securities offerings.

Binance and CZ are facing a lawsuit from the Commodity Futures Trading Commission, for which they filed dismissal motions in July. The United States Department of Justice is also reportedly investigating the global exchange for allegedly allowing Russian entities to use its platform.

K. Tovar

Source: Cointelegraph

(Reference image source: Bermix Studio, Unsplash)

Visit our news channel on Google News and follow us to get accurate, interesting information and stay up to date with everything. You can also see our daily content on Twitter and Instagram

La entrada Federal Judge of the United States orders protection in case Binance vs. Sec apareció primero en Bitfinance.

Samsung has extended its alliance with Pokémon that began with the Galaxy Z Flip3 by launching a pack for its Galaxy Buds 2 that includes a charging case in the shape of a ‘Poké Ball’, a sticker and the brand’s own headphones.

The manufacturer comes from launching its own Pokédex, the portable encyclopedia of Pokémon trainers, in the form of a Galaxy Z Flip3 inspired by the franchise. Now, Samsung brings this theme to its Galaxy Buds 2 in its online store in Korea.

The set includes the Galaxy Buds 2 earphones, a charging case in the shape of a ‘Poké Ball’ that opens when you press its button and the sticker of one of the available creatures: Pikachu, Bulbasur, Charmander, Squirtle, Jigglypuff, Ditto, Dragonite, Lapras, Eevee, Gengar or Mew, which is holographic.

The interior of the headphone case is offered in multiple colors: black, white, lavender, graphite, and olive. Said case can be decorated with the sticker that is given at random, as indicated by the South Korean.

It is unknown if this product will leave Korea, whose online store has sold out in less than 20 minutes, according to the Maeil Economic Daily, which highlights its limited edition nature. In any case, its price there is 134,000 won, the equivalent of about 100 euros at current exchange rates.

Click the link to subscribe to our news and media group on Telegram: https://t.me/G_ELSUMARIO_Noticias

Source: dpa

La entrada Samsung extends its alliance with Pokémon to its Galaxy Buds 2 apareció primero en Bitfinance.