Binance and the SEC are back in the ring, folks! ๐ฅ In the latest episode of "Crypto Legal Drama," Binance and its ex-CEO, Changpeng "CZ" Zhao, have filed a motion to dismiss the SEC's updated lawsuit. The SEC's amended complaint targets tokens like AXS, FIL, ATOM, SAND, and MANA, claiming they're securities. Binance's legal eagles argue that the SEC's claims "fail as a matter of law."
The SEC insists on labeling almost all crypto transactions as securities, but Binance isn't buying it. What do you think? Is the SEC barking up the wrong blockchain? Share your thoughts below! ๐ฌ