Binance and its former CEO Changpeng “CZ” Zhao have made a new move to drop the SEC’s lawsuit against them. Their lawyers argue that the SEC has failed to set a clear standard for qualifying cryptocurrency transactions as investment contracts.

- **SEC’s ambiguity:** Binance disputes SEC’s view of secondary market sales of crypto assets as “securities.”

- **Ether conundrum:** SEC abandons claims to treat Ether transactions as investment contracts.

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