⚠️ US Federal Judge Partially Allows Lawsuit Against Binance and Changpeng Zhao ⚠️
⚠️ US Federal Judge Partially Allows Lawsuit Against Binance and Changpeng Zhao ⚠️
Judge Amy Berman Jackson upholds many of the SEC's claims against Binance, though the crypto exchange achieved partial victories in some areas.
Federal Judge Amy Berman Jackson of the District Court of Columbia has allowed part of the U.S. Securities and Exchange Commission’s (SEC) charges against the cryptocurrency exchange Binance and its founder Changpeng Zhao to proceed.
The SEC accused Binance, Binance.US, and Zhao of offering unregistered brokerage, trading, and clearing services for digital securities in the U.S. The regulatory body also brought similar charges against Coinbase, Kraken, Consensys, and MetaMask.
As reported by Coindesk, on Friday, Judge Jackson decided that the SEC's charges against Binance regarding the Initial Coin Offering and ongoing sales of BNB, BNB Vault, and staking services, as well as charges related to non-registration and fraud allegations, can proceed. She also rejected Binance and Zhao's request to dismiss the charges concerning secondary BNB sales and Simple Earn.
The SEC's lawsuit against former Binance CEO Changpeng "CZ" Zhao also remains. Zhao is accused of acting as a "controlling person." He is currently serving a four-month prison sentence, which was imposed for, among other things, the lack of anti-money laundering measures on the platform. This action was initiated by the U.S. Department of Justice and the U.S. Treasury Department. The SEC is conducting a separate proceeding against him, which is distinct from the criminal charges.
Additionally, the SEC’s allegation that Binance should have registered for various trading activities under securities law will continue to be pursued.
Partial Victory for Binance However, the SEC did not achieve complete success and failed to prevail on some of the charges. Judge Jackson decided to dismiss the claims related to the secondary market sales of BNB and all sales associated with the stablecoin Binance USD (BUSD).
⚠️ US Federal Judge Partially Allows Lawsuit Against Binance and Changpeng Zhao ⚠️
Judge Amy Berman Jackson upholds many of the SEC's claims against Binance, though the crypto exchange achieved partial victories in some areas.
Federal Judge Amy Berman Jackson of the District Court of Columbia has allowed part of the U.S. Securities and Exchange Commission’s (SEC) charges against the cryptocurrency exchange Binance and its founder Changpeng Zhao to proceed.
The SEC accused Binance, Binance.US, and Zhao of offering unregistered brokerage, trading, and clearing services for digital securities in the U.S. The regulatory body also brought similar charges against Coinbase, Kraken, Consensys, and MetaMask.
As reported by Coindesk, on Friday, Judge Jackson decided that the SEC's charges against Binance regarding the Initial Coin Offering and ongoing sales of BNB, BNB Vault, and staking services, as well as charges related to non-registration and fraud allegations, can proceed. She also rejected Binance and Zhao's request to dismiss the charges concerning secondary BNB sales and Simple Earn.
The SEC's lawsuit against former Binance CEO Changpeng "CZ" Zhao also remains. Zhao is accused of acting as a "controlling person." He is currently serving a four-month prison sentence, which was imposed for, among other things, the lack of anti-money laundering measures on the platform. This action was initiated by the U.S. Department of Justice and the U.S. Treasury Department. The SEC is conducting a separate proceeding against him, which is distinct from the criminal charges.
Additionally, the SEC’s allegation that Binance should have registered for various trading activities under securities law will continue to be pursued.
Partial Victory for Binance However, the SEC did not achieve complete success and failed to prevail on some of the charges. Judge Jackson decided to dismiss the claims related to the secondary market sales of BNB and all sales associated with the stablecoin Binance USD (BUSD).
$BTC Down only 5% and so many shtcoins (all altcoins) are down double digits lol
Hope you have fun watching your money turn into dust cause you gambled it all.
Close your positions, sell your coins and go all in on BTC. Just buy in spot, transfer your BTC away from an exchange to your own hardware wallet and never sell.
Crypto is a massive scam, its just unregistered securitys handed out by software companys.
(Not)hing in the world is free and thats also true for money, but you can use your time to be rewarded.
FreeCash.com is an App founded in Germany that pays you for completing tasks in games and taking part in surveys, its fairly easy to earn up to 15$ a day when putting some time in.
For most of us this doesn't seem much but for people from poor countries this can be worth alot.
You can withdraw your money as: BTC/LTC/ETH/DOGE the Minimum ammount is as low as 0.5$ and you don't have to pay any transaction fee for: LTC/ETH/DOGE.
I made 33$ in the last 3 days, waiting rn to get 8$ more credited.
If you want to try it for yourself, here is my ref link would be kind of u to use it: https://freecash.com/r/d3a571b30e
If you don't want to support me just follow this link: https://freecash.com $NOT $BTC
This IS financial advise. 👉 (For legal reasons, no, its not)
Cryptocoins are unregistered securities issued by software companies experimenting with inefficient database technology and promising you big money. Bitcoin is a technology to protect the value of your money from inflation.
$BTC god i hate people saying that they "predicted" the drop with their bllsht analyse.
CZ will probably face jail time, thats the reason and maybe the attack from Israel that happened earlier today.
If you want a real advantage trading, download twitter and be on there 24/7 you will get news faster than the rest and be able to trade according ¯\_(ツ)_/¯