🚀🚀Crypto fans, gather 'round! The SEC's lawsuit against Binance & its founder Changpeng Zhao took a twist! Some charges got dismissed, but others are still in play, including those against Binance.US's holding company. 🧐💼
Judge Amy Berman Jackson ruled that charges for ICO, ongoing sales for BNB, BNB Vault, staking services, failure to register & fraud can proceed. But Binance & Zhao got a pass on charges tied to secondary BNB sales & Simple Earn. 🎭⚖️
The SEC's been busy, folks! Similar charges have been brought against Coinbase, Kraken, Consensys & MetaMask. But Judge Jackson found the SEC's claims plausible. 🕵️♀️🔍
Zhao, currently serving a 4-month sentence for sanctions violation, is facing these charges separately. The judge leaned on a 2023 ruling in the SEC's case against Ripple Labs to dismiss the secondary BNB sales claim. 🏛️📜
The court rejected arguments that the SEC can't enforce actions against crypto entities under the "major questions doctrine". 🙅♀️🚫
A hearing is scheduled for July 9. Stay tuned, folks! Let's chat in the comments about what this means for DeFi & Web 3.0! 🗣️👇🌐 #CryptoNews #DeFi #Web3
Remember, if it's not about DeFi or Web 3.0, it's a "no-go"! 🚫👀