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