Binance, the world’s largest cryptocurrency exchange by trading volume, has filed a motion for a protective order against the U.S. Securities and Exchange Commission (SEC), claiming that the regulator’s requests for information are “overbroad” and “unduly burdensome”.
Binance Challenges SEC’s Discovery Requests
According to a court filing in the U.S. District Court of Columbia on Monday, Binance’s U.S. operating company BAM Trading and its management company BAM Management are seeking to limit the scope and duration of the SEC’s discovery requests, which they say are “unreasonable and part of a broader pattern of the SEC abusing the discovery provision of the Consent Order”.
The Consent Order is a settlement agreement that Binance entered into with the SEC in June, after the regulator sued Binance and its CEO Changpeng Zhao for allegedly violating federal securities laws by operating an unregistered securities exchange, inflating its trading volumes, diverting customer funds, failing to restrict U.S. customers from its platform, and misleading investors about its market surveillance controls.
As part of the Consent Order, Binance agreed to cooperate with the SEC’s investigation and provide information and documents related to its operations, customers, assets, and compliance measures. However, Binance claims that the SEC has gone beyond the scope of the Consent Order and has demanded information that is irrelevant, privileged, or confidential.
Binance Says SEC is Conducting a ‘Fishing Expedition’
In its motion for a protective order, Binance argues that the SEC is conducting a “fishing expedition” and is looking for issues with the exchange that are not related to customer assets. Binance says that it has already provided sufficient information to the SEC to demonstrate that customer assets are available and secure, but the SEC has continued to request more information without any justification.
Binance also says that the SEC has asked for communications dating back to November 2022, which is before the Consent Order was signed and outside the relevant time period. Moreover, Binance says that the SEC has asked for communications that include topics that have nothing to do with customer assets, such as marketing strategies, business plans, regulatory compliance, and internal audits.
Binance further says that the SEC has requested depositions from six of its executives, including Zhao and its chief financial officer Wei Zhou, without explaining why their testimony is necessary or relevant. Binance says that these depositions would be “unduly burdensome” and “harassing” for its executives, who are based in different countries and time zones.
Binance asks the court to grant its motion for a protective order and limit the SEC’s discovery requests to four depositions from BAM employees who are directly involved in customer asset management, and to exclude Zhao and Zhou from being deposed. Binance also asks the court to limit the time period of the discovery requests to June 2023 onwards, and to exclude any information that is irrelevant, privileged, or confidential.
Binance Expresses Disappointment with SEC’s Litigation Strategy
In a blog post published on Tuesday, Binance expressed its disappointment with the SEC’s litigation strategy and said that it intends to “defend our platform vigorously”. Binance said that it has been working in good faith to address the SEC’s concerns and to comply with the Consent Order, but that the SEC has “abandoned that process and instead chose to act unilaterally and litigate”.
Binance said that it believes in “constructive dialogue” with regulators and hopes to resolve this matter amicably. Binance also said that it remains committed to providing a safe and secure platform for its customers and to complying with all applicable laws and regulations.
![gain Rise in Gold Rate in India After Falling Rs 21,200/24K; Will Gold Price Today Jump or Drop on 28 March? By Harshika Yadav Published: Saturday, March 28, 2026, 6:55 [IST] preference Add as a preferred source on Google Gold rates in India witnessed a modest recovery on March 27, 2026, after a sharp fall in the previous session, indicating a cautious stabilisation in the bullion market. The yellow metal had dropped by Rs 212 per gram (or Rs 21,200 per 100 grams) of 24 Karat (24K) earlier, but managed to regain some ground. Gold Price Updates as US-Iran Tensions Ease; Pakistan, Turkiye & Egypt Step Up Mediation Efforts The rise in yellow metal follows easing geopolitical concerns after US President Donald Trump signalled a delay in potential military action against Iran's energy infrastructure by 10 days, pushing the deadline to April 6. This development, along with ongoing diplomatic efforts, has helped support safe-haven demand. gold Rate Today Further adding to market sentiment, Pakistan's Foreign Minister Ishaq Dar confirmed that Islamabad is acting as an intermediary between the United States and Iran, relaying messages as part of efforts to de-escalate tensions. Countries like Türkiye and Egypt are also reportedly supporting the mediation process, offering some relief to global financial markets. Gold Rate in India: Check Latest 22K, 24K & 18K Gold Prices Per Gram 24 Karat Gold Rate Today in India In the 24 Karat segment, at the time of writing, the rate for 1 gram stood at Rs 14,471, rising by Rs 16 from Rs 14,455. For 8 grams, the price increased to Rs 1,15,768, up by Rs 128. The rate for 10 grams climbed to Rs 1,44,710, reflecting a gain of Rs 160, while 100 grams of 24 Karat gold were priced at Rs 14,47,100, marking an increase of Rs 1,600. 22 Karat Gold Rate Today in India The price of one gram of 22K stood at Rs 13,265, gaining Rs 15 from the previous session. For 8 grams, the rate rose to Rs 1,06,120, registering an increase of Rs 120. The cost of 10 grams advanced to Rs 1,32,650, up by Rs 150, while 100 grams were priced at Rs 13,26,500, reflecting a gain of Rs 1,500. 18 Karat Gold Rate Today in India The rate for one gram of 18K stood at Rs 10,853, up by Rs 12. For 8 grams, the price moved up to Rs 86,824, marking a gain of Rs 96. The rate for 10 grams climbed to Rs 1,08,530, increasing by Rs 120, while 100 grams were valued at Rs 10,85,300, reflecting an uptick of Rs 1,200. Latest MCX Gold Price In the domestic futures market, gold on the Multi Commodity Exchange (MCX) held firm above the Rs 1,44,500 level as per latest trading record, supported largely by the weakness in the Indian rupee, which continues to cushion local prices despite global volatility. Latest Spot Gold Rate The rebound in domestic gold rates comes alongside a recovery in international markets, where gold moved above the $4,400 per ounce mark. What Lies Ahead for Gold Prices? Check Gold Rate Prediction Jateen Trivedi, VP - Research Analyst (Commodity and Currency), LKP Securities, said, "Gold remained slightly positive, trading above $4,425 with highs near $4,475, supported by initial optimism around US-Iran talks. However, the sharp rise in crude continues to signal underlying market stress and inflation risks." From a technical perspective, he explained, "Technically, support is seen near Rs 1,42,000, while resistance is placed around Rs 1,46,500. Overall, gold is expected to remain volatile with limited upside unless clarity emerges on inflation and geopolitics."](https://keralanews247.com/wp-content/uploads/2026/03/rupee-and-dollar-scaled-350x250.png)
