SEC Accuses Binance US of Lack of Transparency in Discovery: What You Need to Know
The U.S. Securities and Exchange Commission (SEC) has accused Binance US of a “lack of transparency” during its ongoing investigation, escalating concerns about the cryptocurrency exchange's compliance with US securities laws.
According to reports, the SEC's accusations stem from alleged insufficient cooperation by Binance US's holding company, BAM, in the discovery process. 15 de sept. de 2025 In a court filing dated Sept. 14, the U.S. Securities and Exchange Commission (SEC) alleged that Binance US’s holding company, BAM, has so far produced a limited number of documents.
SEC Claims Noncooperation and Information Withholding
18 de sept. de 2025 The SEC has accused Binance.US of noncooperation in the ongoing investigation. The agency points out that Binance.US’s holding company, BAM, has produced what they deem an inadequate amount of information. Specifically, 15 de sept. de 2025 The regulator, in a court filing dated September 14, accused Binance US's holding company, BAM, of providing only 220 documents during the discovery process.
The agency's concerns extend beyond document provision. The SEC is investigating potential violations of US securities laws, alleging that Binance staff outside the US have access to assets owned by Binance.US customers. This raises questions about the segregation and security of user funds within the Binance ecosystem. 16 de sept. de 2025 The U.S. Securities and Exchange Commission (SEC) has accused Binance US of a “lack of transparency” during its investigation into the cryptocurrency exchange.
What This Means for Binance US and the Crypto Market
This latest accusation adds another layer of complexity to the SEC's lawsuit against Binance. 15 de sept. de 2025 The U.S. Securities and Exchange Commission (SEC) is accusing Binance of holding back information during the discovery phase of the regulator’s lawsuit against the exchange. A lack of transparency in discovery can hinder the SEC's ability to fully investigate potential violations and ultimately impact the outcome of the legal proceedings.
While the US Securities Association is reportedly accusing the US Securities and Exchange Commission (SEC) of lacking transparency in its enforcement according to Odaily, the focus remains on the SEC's current claims against Binance US. The ongoing legal battle and accusations of noncooperation could further impact investor confidence and regulatory scrutiny in the cryptocurrency market.
This is a developing story. Stay tuned for updates as the SEC's investigation and lawsuit against Binance unfold.