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Renard
@renardsaucedoeoz
US Judge Allows Major Portion of SEC Lawsuit Against Binance and CZ to Proceed A United States court has ruled against cryptocurrency exchange Binance’s attempt to dismiss the majority of claims leveled against it by the country’s securities regulator, the Securities and Exchange Commission (SEC). According to the court filing by Judge Amy Berman Jackson on June 28, claims related to Binance’s staking program, the sale of BNB tokens following its initial coin offering, and anti-fraud violations will proceed. The court also upheld the SEC’s contention that former Binance CEO Changpeng “CZ” Zhao acted as a “control person” and that Binance was obligated to register under the Exchange Act.
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