Cryptocurrency exchange Binance has failed to persuade a United States court to dismiss most claims brought against it by the United States securities regulator. As stated in the June 28 court filing, allegations regarding Binance's staking program, the sale of BNB (BNB) after the initial coin offering, and anti-fraud violations will continue.

The claim that Binance was required to register under the Exchange Act and that former CEO Changpeng 'CZ' Zhao acted as a "control person" will also continue. However, it wasn't a complete victory for the Securities and Exchange Commission — Jackson decided to dismiss the allegations involving BNB secondary market sales and sales related to the Binance USD (BUSD) stablecoin.

Binance and CZ filed to dismiss the SEC case, claiming that the SEC exceeded its legal authority. Despite this, Binance remains the world's largest cryptocurrency exchange, with more than 200 million users and $100 billion in assets under management. What are you thinking? We are waiting your comments.#Binance#blockchain #cryptocurrency