Binance Seeks Dismissal of SEC Lawsuit — Claims SEC 'Distorts' Securities Laws to Gain Power Over Crypto Industry – Legal Bitcoin News
September 23, 2023
Crypto exchange Binance and its CEO Changpeng Zhao (CZ) have filed a motion to dismiss the lawsuit against them by the U.S. Securities and Exchange Commission (SEC). “It is clear that the SEC’s lawsuit has no foundation in the currently enacted securities laws,” they argued, alleging: “In attempting to claim regulatory power over the crypto industry, the SEC distorts the text of the…