Binance

SEC Intensifies Legal Battle Against Binance, Designates AXS, FIL, and ATOM as Securities in Expanded Lawsuit

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Washington, D.C. — The Securities and Exchange Commission (SEC) has recently broadened its legal battle against the cryptocurrency exchange, Binance, by classifying additional digital assets as securities. This expanded lawsuit now includes popular cryptocurrencies such as Axie Infinity Shards (AXS), Filecoin (FIL), and Cosmos (ATOM). The SEC’s assertion intensifies the ongoing scrutiny within the crypto industry, emphasizing the regulatory push to establish clearer boundaries and protections within the digital asset space. The commission’s actions suggest a strategic move towards bringing more cryptocurrency offerings under its regulatory scope, which traditionally applies to standardized securities. This escalation … Read more

Challenges Ahead for CZ as Binance Entangles in Fresh Legal Battle, While RFK Jr. Halts Campaign: Weekly Crypto Update

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Hong Kong, China — Binance, one of the largest cryptocurrency exchanges globally, is once again in the legal spotlight. The company, led by CEO Changpeng Zhao, known as CZ, faces a new lawsuit amid allegations affecting its operations and reputation. This legal challenge emerges at a time when the crypto industry is grappling with market volatility and regulatory scrutiny. The lawsuit reportedly ties back to various claims of regulatory breaches which have historically plagued the sector. Legal experts suggest that the outcome of this case could have wider implications, possibly influencing future regulatory frameworks for … Read more

Judge Advances Major SEC Charges Against Binance and CEO CZ, Dismisses Others in High-Stakes Crypto Legal Battle

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Washington, D.C. — A federal judge has ruled that most of the charges brought by the U.S. Securities and Exchange Commission (SEC) against cryptocurrency exchange Binance and its founder Changpeng Zhao will continue. This latest development underscores ongoing tensions between regulatory bodies and the cryptocurrency sector. Judge Amy Berman Jackson of the U.S. District Court for the District of Columbia dismissed three of the thirteen allegations but allowed the rest to proceed, including ten in full and two partially. This decision marks a significant step in one of several legal challenges the platform faces, highlighting … Read more

Judge Rules SEC’s Major Charges Against Binance Can Proceed, Dismisses Part of Case

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WASHINGTON — In a pivotal legal ruling, the District Court for the District of I Columbia has decided that the Securities and Exchange Commission (SEC) can proceed with multiple charges against the global cryptocurrency platform Binance and its CEO, Changpeng Zhao. The court, under Judge Amy Berman Jackson, upheld the SEC’s allegations concerning unregistered securities offerings and other regulatory breaches, though it dismissed some charges related to secondary market activities. The SEC’s lawsuit claims that Binance, along with its U.S. counterpart Binance.US, has been operating without the proper registration, offering services equivalent to those of … Read more