Ongoing conflicts between cryptocurrency exchange Binance and the U.S. Securities and Exchange Commission (SEC) have been revealed in court documents.
The disputes primarily revolve around evidence production and witness testimonies as part of the SEC's case against Binance.
A joint status report filed on January 25 noted that important aspects of discovery from BAM Trading Services, the parent company of Binance.US, are still outstanding.
The SEC is investigating whether Binance.US had a covert route to potentially control customer assets, similar to FTX.
This situation underscores the regulatory challenges faced by crypto exchanges operating in the United States.