The U.S. SEC rejected the various arguments made by Binance, stating in its response to the exchange's motion that "no court has adopted Defendants' tortured interpretation of the law."
The latest ruling by Judge Zia Faruqui gave Binance.US seven days to provide the Court with any legal basis for maintaining any documents under seal in whole or in part.
Two prominent U.S. senators are calling for the Justice Department to investigate Binance over false statements the company made to lawmakers on March 1 when it responded to a Congressional inquiry about its business practices.
