Binance, SEC Face off Over Regulator's Crypto Oversight

By Chris Prentice and Hannah Lang

WASHINGTON (Reuters) - On Monday, the U.S. Securities and Exchange Commission (SEC) staunchly defended its authority to regulate specific cryptocurrency assets in court, as Binance pushed for a federal judge to dismiss the regulator's case against the world's largest crypto exchange.

This hearing on Binance's request marked the second highly-anticipated courtroom showdown in under a week, potentially shaping the SEC's jurisdiction over the crypto industry. Just last week, Coinbase and the SEC were also in court.