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Courts Hand SEC Half an L in Binance US Case

The Breakdown

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Legal battle between SEC and Binance US over resisting deposition and document production

The SEC accuses Binance US of resisting deposition, failing to produce documents, and potentially moving customer assets offshore. Binance CEO CZ's jurisdiction disregard is also highlighted. SEC requests court to compel Binance US to provide wallet custody software and services information.

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