Binance.US: The SEC's motion to require executives to testify and further take evidence is "too cumbersome" and "arbitrary."

ChainCatcher news, according to CoinDesk, Binance.US stated in its response to the U.S. Securities and Exchange Commission (SEC) that the SEC's motion to require exchange executives to testify and further gather evidence is "overly burdensome" and "arbitrary," and the commission has not obtained evidence of improper diversion of customer funds.

Binance.US pointed out: "Even if BAM has provided all evidence during the expedited discovery, the SEC still has no evidence to support its unverified allegations that investor assets have been misappropriated in some way." All evidence in this matter, including documents, statements, and sworn testimony, supports BAM's position that it has custody and control over its digital assets."