In the latest development in the U.S. Securities and Exchange Commission (SEC) lawsuit against Binance, Binance.US, and CEO CZ, the SEC seeks to file an omnibus brief. The securities regulator aims to dismiss the complaint filed by Binance.US, as well as a motion by Binance Holdings and Changpeng “CZ” Zhao to dismiss the lawsuit.
Moreover, Magistrate Judge Faruqui has granted an order to seal certain documents related to the parties’ Joint Status Report.
SEC Wants Court To Deny Dismissal of Binance Lawsuit
In response to the latest request by Binance, CEO CZ, and Binance.US to dismiss the lawsuit, the U.S. SEC filed a motion seeking an order to file an omnibus brief of no more than 80 pages.
The SEC is preparing a lengthy response to the motions by the defendants to dismiss the lawsuit. The regulator argues defendants have made overlapping legal arguments in support of their motions.
“Rather than filing separate briefs responding to each motion, the SEC respectfully submits that it is in the interests of judicial economy to permit the SEC to respond to both motions in an omnibus brief.”
Judge Approves Motion to Seal by Binance.US
Magistrate Judge Zia M. Faruqui has approved a motion by Binance.US (BAM Trading Services and BAM Management US Holdings) to seal certain documents related to the parties’ Joint Status Report filed on October 10.
The magistrate judge stated that the motion is supported by good cause to prevent unauthorized access to confidential and personal information.
Meanwhile, the Chamber of Digital Commerce joins other digital assets companies and associations, law firms, and lawmakers to dismiss the Binance vs U.S. SEC lawsuit.
Also Read:
- John Deaton Weighs On US SEC’s Possible Appeal And Rationale In XRP Lawsuit
- Ripple To Confer With US SEC On Institutional Sales Of XRP, Says Ripple’s Attorney
- Bitcoin Core Dev Departs On Lightning Network Security Woes
- Trump Family’s Crypto Wealth Soars $1.3B via WLFI, Eyes Real Estate Tokenization
- Eric Trump Clarifies Ties in Asia Other Than Metaplanet, MTPLF Stock Slips
- Metaplanet Nears 500% YTD Following New BTC Purchase, Bitcoin Price Rebounds
- Dogecoin Leads Altcoin Market Rally Amid DOGE ETF Optimism
- Bitcoin Treasuries Add Nearly $1B BTC This Week as Holdings Cross 1M BTC
- HBAR Price Forecast: Analyst Targets 123% Rally as ETF Approval Odds Hit 90%
- Solana Price Prediction: Will Solana Hit $320 as SOL Strategies Gains Nasdaq Approval?
- XRP Price Forecast: Analyst Eyes $127 as BlackRock Joins Ripple Swell 2025
- Chainlink Price Eyes $55 as Reserve Holdings Jump With 43,937 LINK Addition
- Cardano Price Targets 30% Surge as Top Economist Calls for Fed Cut