Binance. The US has pushed back against the SEC in a response to the regulator’s request for depositions and further discovery, calling the demands “unduly burdensome” and “freewheeling”. The exchange said it has not yet been presented with evidence that customer funds were wrongly redirected. The SEC has been targeting the crypto industry, with concerns about investor protection and potential fraud dominating its recent actions. Binance, which has been under regulatory scrutiny, has been strategically expanding its operations to satisfy regulator concerns.