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The lawsuit filed by the US Securities and Exchange Commission (SEC) in June last year against the Binance exchange and its former CEO Changpeng Zhao comes in a new move by the exchange’s lawyers. Attorneys representing Binance and CZ requested that the SEC dismiss an amended complaint on the matter.
“They don’t obey the judge’s decision.”
“Although this is a court decision, the SEC has adamantly stated that cryptocurrencies are not securities in themselves and do not count toward the judge’s decision,” the court filing said.
As is known, in the year that passed after the case, this June, the court judge did not accept many of Binance’s rejection requests, but said that BUSD and the “Simple Earn” program and BNB’s secondary sales investment agreement. were not The SEC wants these products, which were rejected by the court, to be considered securities sales again.
“They’re Still Arbitrary”
Lawyers for Binance and CZ say the court has made a final decision on the matter:
“There is no legal justification or logic to the SEC’s demands. The agency continues to pick winners and losers as it pleases. Finally, without explanation, they even abandoned their claims that ether transactions The problem with the SEC is that it operates on theories and stays away from the facts. Despite the 89-page summary from the court, the allegations are still wrong are.”
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