The US Securities and Exchange Commission (SEC) denied information regarding the investigation into Binance exchange’s BNB token. CoinDesk writes about it, citing documentation provided by the agency.

In June 2022, Bloomberg reported on an investigation into which the SEC will allegedly determine whether the BNB token was a security during its sale in 2017.

That same month, the head of the cryptocurrency exchange Changpeng Zhao said that the regulator had asked the company about BNB, but none of the employees received a call.

The SEC said it has no knowledge of any investigation into the digital asset. The department responded to a CoinDesk request:

“Based on the information you provided in your letter, we have extensively searched various SEC registry systems, but have not been able to find or identify any information that matches your request.”

This indicates that there are no documents mandating the company to report to the regulator and interrogate its employees.

The SEC can prevent disclosure of ongoing investigations by reference to one of the Freedom of Information Act exceptions. But as journalists point out, in such cases the regulator often uses the phrase “we can’t confirm or deny”.

Recall that in February 2022, the media wrote that the Commission was examining the link between the American division of Binance and two trading firms affiliated with Zhao.

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