24/7 Cryptocurrency News

Breaking: US SEC Fires Back At Binance and Binance.US For Dismissal Of Lawsuit

US SEC files opposition to motions by Binance and Binance.US to dismiss the lawsuit, requests the court to deny the motion.
Published by
Breaking: US SEC Fires Back At Binance and Binance.US For Dismissal Of Lawsuit

The U.S. Securities and Exchange Commission (SEC) continues to argue violations of security laws and fraud in lawsuit against Binance and its US subsidiary Binance.US. In the latest filing, the U.S. SEC opposes the latest request by Binance.US as well as Binance and CEO Changpeng “CZ” Zhao to dismiss the lawsuit.

Advertisement

US SEC Files Opposition in Binance and Terra Lawsuits

The U.S. Securities and Exchange Commission (SEC) filed opposition to a Binance.US’ motion to dismiss the lawsuit, according to a court filing late November 7. The SEC also requests Judge Amy Berman Jackson to sign a proposed order in favor of the regulator.

The SEC argues that Binance.US’ motion to dismiss the lawsuit must be denied by the court due to securities violations under the Howey test and investment contract rules including illegally listed unregistered securities in the form of crypto. Also, the SEC also refused to accept overreaching to regulate the crypto industry, claiming to protect investors under the existing securities laws.

The SEC asserted that Binance.US delayed and failed to coordinate with the earlier consent order, raising disputes related to document discovery and depositions.

Meanwhile, Judge Jackson set an in-person hearing on the motion to dismiss the U.S. SEC’s complaints against all Binance, Binance.US, and CEO CZ on January 18, 2024.

Also Read: HSBC To Offer Digital Assets Custodial Service for Tokenized Securities

Advertisement

Crypto Market On The Brink of Rally

The recent losses suffered by the SEC in the Ripple lawsuit have impacted the credibility of the regulator. Federal judges have also called the SEC’s approach irrational, calling it ‘arbitrary and capricious’.

The crypto market extended gains after the recent recovery amid anticipation of spot Bitcoin ETF approval and . Binance’s BNB token soared more than 10% in a week, the price is currently trading at $247.

Also Read: SEBA Bank Receives Digital Asset License From Hong Kong’s SFC

Share
Varinder Singh

Varinder has over 10 years of experience and is known as a seasoned leader for his involvement in the fintech sector. With over 5 years dedicated to blockchain, crypto, and Web3 developments, he has experienced two Bitcoin halving events making him key opinion leader in the space. At CoinGape Media, Varinder leads the editorial decisions, spearheading the news team to cover latest updates, markets trends and developments within the crypto industry. The company was recognized as Best Crypto Media Company 2024 for high impact and quality reporting. Being a Master of Technology degree holder, analytics thinker, technology enthusiast, Varinder has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers.

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • Bitcoin News

Bitcoin Treasuries Add Nearly $1B BTC This Week as Holdings Cross 1M BTC

This week, corporate Bitcoin treasuries exceeded 1 million BTC in total holdings. From September 1…

September 7, 2025
  • Bitcoin News

Peter Schiff Criticizes Bitcoin’s Performance Following Gold’s Rally To New ATH

Popular gold advocate Peter Schiff has criticized Bitcoin’s weakness against gold, calling it near bear…

September 7, 2025
  • Bitcoin News

Arkham Uncovers $5 Billion in Untouched Bitcoin From Germany’s Movie2K Seizure

Arkham Intelligence has identified 45,000 Bitcoin (BTC), valued at nearly $5 billion, that remains untouched…

September 7, 2025
  • 24/7 Cryptocurrency News

Ethereum Spot ETFs Record $447 Million in Outflows Amid Crypto Market Decline

Ethereum ETFs faced a sharp investor pullback this week, shedding nearly half a billion dollars…

September 6, 2025
  • 24/7 Cryptocurrency News

World Liberty Financial Discloses Reason for Blacklisting 272 Wallets

World Liberty Financial (WLFI) has confirmed that it blacklisted 272 wallets and explained why it…

September 6, 2025
  • 24/7 Cryptocurrency News

September 50 BPS Fed Rate Cut Odds Climb Ahead of CPI, PPI Data

Traders are beginning to price in the possibility of a 50 basis points (bps) Fed…

September 6, 2025