Binance was granted an extension on September 26 to respond to a court order in a lawsuit filed by the U.S. Securities and Exchange Commission (SEC). U.S. District Court Judge Zia M. Faruqui for the District of Columbia granted motions by BAM Trading and BAM Management for an extension of time to respond to two previous court orders.
The first order requires the defendants to explain why certain documents related to the SEC‘s motion to compel discovery should continue to be sealed or redacted, and the second order requires the defendants to justify the sealing of documents related to the SEC’s response to its motion to compel discovery.
BAM Trading and BAM Management now have until September 27 to respond to the show-cause order. The SEC did not oppose their request to extend the deadline.
Separately, BAM Trading and BAM Management filed an unopposed motion to postpone an Oct. 12 status conference. The two companies were the only defendants asking for more time to respond.
