Coin

<ul class="wp-block-list news-points">
 <li>Binance challenges SEC’s lack of regulatory clarity, leaving crypto assets undefined.&nbsp;</li>
 <li>Binance highlights SEC’s inconsistent approach, referencing recent decisions on Ether.</li>
 <li>With the discovery phase closed, Judge sets deadlines for next steps as Binance monitors the case.</li>
</ul>
In the ongoing legal case between Binance, former CEO Changpeng Zhao, and the U.S. Securities and Exchange Commission (SEC), Binance’s legal team has filed a motion to dismiss the SEC’s amended complaint, challenging the SEC’s regulatory stance on crypto assets.
The <a href="https://storage.courtlistener.com/recap/gov.uscourts.dcd.256060/gov.uscourts.dcd.256060.285.0_14.pdf" target="_blank" rel="noopener noreferrer nofollow">filing</a>, submitted on Monday, argues that the SEC lacks clear standards for regulating virtual assets and claims the complaint misinterprets securities laws in its approach to crypto transactions.
Binance’s legal team contends that the amended complaint continues to unfairly categorize a wide range of crypto transactions as securities transactions without sufficient regulatory guidelines, despite a previous court ruling questioning the SEC’s position.
According to Binance’s legal counsel, the SEC’s insistence on labeling most crypto transactions as securities goes against the earlier ruling. The filing also d…
The post <a href="https://coinedition.com/binance-files-motion-to-dismiss-secs-amended-complaint/" rel="noopener noreferrer nofollow">Binance Files Motion to Dismiss SEC’s Amended Complaint</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Binance Files Motion to Dismiss SEC’s Amended Complaint

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