Binance, the world's largest cryptocurrency exchange, has failed to dismiss most claims made against it by the U.S. Securities and Exchange Commission (SEC). The court will proceed with claims related to Binance's staking program, the sale of BNB after its initial coin offering, and anti-fraud violations. However, the SEC's claims regarding BNB secondary market sales and sales involving Binance USD were dismissed. The SEC sued Binance in June 2023, alleging the sale of unregistered securities and illegal operation in the U.S. Despite the ongoing lawsuit, Binance continues to thrive with over 200 million users and $100 billion in assets under management.