Binance Vs SEC: Judge Sets Hearing On Motion To Dismiss The Lawsuit

In the latest development in the U.S. Securities and Exchange Commission (SEC) lawsuit against Binance, Binance.US, and CEO CZ, the federal judge has delayed a hearing or ruling on the dismissal of the lawsuit.

Plaintiff and defendants, as well as amici curiae, are now set to appear for an in-court hearing scheduled in January 2024. Binance and SEC to present their arguments regarding motions to dismiss the lawsuit.

Judge Delays Binance’s Lawsuit Dismissal Request To Next Year

Judge Amy Jackson has set a hearing on the motions to dismiss the U.S. SEC’s complaints against all Binance, Binance.US, and CEO CZ, according to a minute order signed by the judge. The judge has scheduled an in person hearing on January 18, 2024.

It indicates a ruling for dismissal of the Binance vs the SEC is delayed for next year. The court will consider an opposition by the SEC to motions by Binance.US and Binance and CZ in November, with the hearing scheduled giving time for parties to submit filings.

Meanwhile, Judge Jackson has also granted the SEC’s motion to file an omnibus response to the motions to dismiss lawsuits. The court requested the SEC to avoid repetitions of arguments.

“The agency must take note of Local Civil Rule 5.1(d), in particular, the provision governing footnotes the Court will not grant leave to file additional excess pages if it is necessary to strike a non-compliant pleading and order that it be re-filed.”

Read More: SEC Seeks Court Order For Omnibus Brief Against Binance, Binance US, And CZ

Judge Denies Amicus Brief By Chamber of Digital Commerce

In a minute order on October 24, Judge Jackson denied a motion by the Chamber of Digital Commerce to file an amicus brief. It follows as the court earlier ordered that any future amicus brief filings must be unique from earlier amicus briefs and no more than two motions to appear pro hac vice will be granted.

The Chamber of Digital Commerce supports Binance in its filing that the SEC overstepped its authority in regulating the digital assets industry. Thus, it requests the court to dismiss the lawsuit.

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