Overview of the Court Ruling

Judge Amy Berman Jackson’s decision, outlined in a court filing on June 28, 2024, allows most of the SEC’s claims against Binance to proceed. These include allegations related to Binance’s staking program, the initial coin offering (ICO) of its BNB token, and anti-fraud violations. Additionally, the court upheld the SEC’s assertion that former Binance CEO Changpeng Zhao acted as a “control person” within the organization.&middot

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