Federal Judge's Ruling on SEC Case Against Binance and Changpeng Zhao
Saturday, 29 June 2024, 02:37
Federal Judge's Ruling on SEC Case Against Binance
In a recent development, a federal judge has made a significant ruling regarding the SEC's case against Binance, Binance.US, and Changpeng Zhao.
Plausible Allegations of Violations
The SEC has put forward plausible allegations that the defendants violated federal securities laws.
- Most Charges to Proceed: The judge has allowed most of the SEC's charges against Binance to proceed.
- Secondary Sales Charge Dismissed: However, the secondary sales charge has been dismissed in this ruling.
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