Binance has requested a court docket for a protecting order towards the Securities and Alternate Fee (SEC) over what the crypto alternate claims is a “fishing expedition” from the regulator.

In an Aug. 14 court docket submitting, Binance put ahead a movement for a protecting order following deposition notices and discovery requests from the SEC.

“BAM has labored in good religion, however the SEC has been steadfast in its perception that the Consent Order offers it carte blanche to research each facet of BAM’s asset custody practices with none discernible limitation in any respect,” the alternate wrote. 

Binance claimed the SEC is demanding it produce communications courting again to November 2022 for “dozens of subjects — lots of which don’t have anything to do with buyer belongings.”

It additionally took problem with the SEC’s request that the alternate make six of its workers and officers out there for depositions together with its CEO Changpeng “CZ” Zhao.

“Now, the SEC can be demanding depositions of BAM’s most senior executives regardless of that they don’t have distinctive firsthand data in regards to the details surrounding the safety, custody, and switch of buyer belongings, and the staff who do have been provided for depositions,” it argued.

This can be a creating story, and additional data might be added because it turns into out there.