Bloomberg: US SEC fails to convince judge to launch a deep investigation into Binance.US immediately.
According to a report by Bloomberg on September 19th, the US Securities and Exchange Commission (SEC) failed to persuade a federal judge to allow officials to immediately launch a thorough investigation into Binance.US's software. Since suing Binance.US and CZ in June this year, the SEC has been struggling to obtain information from Binance.US.
On Monday, the SEC requested that federal judge Zia Faruqui allow them to inspect Binance.US's technical infrastructure and force the company to share other necessary information. The judge stated that he is currently not inclined to allow an investigation and that the SEC should make more targeted requests and speak with more witnesses.