The post SEC vs. Binance: Legal Showdown Intensifies Over Howey Test appeared first on Coinpedia Fintech News
As per the latest developments, the SEC has opposed Binance’s motion to dismiss the lawsuit continuing between the SEC and Binance.
Plead To Dismiss SEC Allegations
John Reed Stark, a former SEC enforcement officer, highlights recent social media platform X changes. In an attempt to dismiss the U.S. Securities and Exchange Commission’s allegations against Binance and its CEO, Changpeng “CZ” Zhao, the defendants submitted court documents in September.
In its case, Binance and Zhao contended that the agency had gone ultra-vire to its authority. The U.S. Securities and Exchange Commission (SEC) suffered a setback in September when it could not obtain permission to investigate the software that Binance.US was using. Since filing a lawsuit against the American exchange, its foreign partner Binance Holdings, and its CEO Changpeng Zhao in June, the SEC has stated that it has
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