The sealed letter included 35 pieces of evidence, a statement by SEC trial attorney Jennifer Farer, and an undisclosed order.
Filing a sealed petition is a rare act, according to former SEC official John Reed Stark. And if the regulator agrees to that, then there may be two options: the SEC is doing everything it can to ensure that no one interferes with the US Department of Justice’s investigation; The regulator eliminates the risk of a valuable witness or company being disclosed. Stark wrote in his X article: “At the end of the day, it is in the public interest to know and understand how the SEC uses U.S. tax dollars, and the SEC wants its messages to be heard loud and clear to prevent future securities breaches.” (was formerly Twitter).
One way or another, experts agree that difficult times await Binance in connection with such actions of the SEC.
Source: Ferra
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