๐Ÿš€๐Ÿš€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. ๐Ÿง๐Ÿ’ผ

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. ๐ŸŽญโš–๏ธ

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. ๐Ÿ•ต๏ธโ€โ™€๏ธ๐Ÿ”

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. ๐Ÿ›๏ธ๐Ÿ“œ

The court rejected arguments that the SEC can't enforce actions against crypto entities under the "major questions doctrine". ๐Ÿ™…โ€โ™€๏ธ๐Ÿšซ

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! ๐Ÿ—ฃ๏ธ๐Ÿ‘‡๐ŸŒ #CryptoNews #DeFi #Web3

Remember, if it's not about DeFi or Web 3.0, it's a "no-go"! ๐Ÿšซ๐Ÿ‘€