Court Dismisses Some SEC Charges Against Binance and Changpeng Zhao
⚖️ The court has partially dismissed the lawsuit filed by the U.S. Securities and Exchange Commission (SEC) against Binance, though most of the charges will still be reviewed.
The court granted the exchange’s motion to dismiss the regulator’s claims regarding secondary sales of the BNB token, the offering of the BUSD #stablecoin , and the Simple Earn product. 💰
👀 However, the review of SEC's charges related to the #ico and subsequent sales of BNB by the platform, the $BNB Vault program, failure to register, and non-compliance with anti-fraud regulations will continue. The same applies to the staking service on Binance.US.
🤷 The charges against former Binance head #changpengzhao , alleging that he violated the Exchange Act as a controlling person, remain in the case.
