{"id":64001,"date":"2023-11-09T02:06:25","date_gmt":"2023-11-09T06:06:25","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=64001"},"modified":"2023-11-09T02:06:28","modified_gmt":"2023-11-09T06:06:28","slug":"binance-plea-to-dismiss-lawsuit-rejected-by-us-sec","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/binance-plea-to-dismiss-lawsuit-rejected-by-us-sec\/","title":{"rendered":"Binance Plea to Dismiss Lawsuit Rejected by US SEC"},"content":{"rendered":"\n

The US SEC has denied Binance's motion to dismiss the litigation, citing significant misunderstandings of securities law.<\/a><\/p>\n\n\n\n

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Binance Plea to Dismiss Lawsuit Rejected by US SEC<\/figcaption><\/figure>\n\n\n\n

In a recent filing, the Securities and Exchange Commission (SEC) \r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>reaffirmed that Binance's dismissal petition lacks legal merit. The aforementioned submission on Wednesday was made in reply to the earlier endeavor by the cryptocurrency exchange to dismiss the SEC lawsuit.<\/p>\n\n\n\n

Binance Conflicts SEC Regarding Legal Reach<\/h3>\n\n\n\n

Changpeng Zhao, the founder of Binance and its U.S. subsidiary, has contended that the SEC's lawsuit exceeds the scope of its regulatory authority. In their opinion, the agency is required to illustrate how its activities infringe upon securities laws sufficiently. <\/p>\n\n\n\n

Nonetheless, this notion has been categorically rejected by the SEC, which remains committed to upholding the legal frameworks established by Congress.<\/p>\n\n\n\n

This legal dispute arose after the SEC's ongoing investigation regarding the cryptocurrency sector. The defense of the exchange contests how the SEC construed their activities as infractions, whereas the SEC maintains its position that conventional securities law should be applied to the cryptocurrency industry.<\/p>\n","protected":false},"excerpt":{"rendered":"

The US SEC has denied Binance’s motion to dismiss the litigation, citing significant misunderstandings of securities law. In a recent filing, the Securities and Exchange Commission (SEC) reaffirmed that Binance’s dismissal petition lacks legal merit. The aforementioned submission on Wednesday was made in reply to the earlier endeavor by the cryptocurrency exchange to dismiss the […]<\/p>\n","protected":false},"author":53,"featured_media":64003,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[834],"tags":[5521,16419,6891,5701,14861],"class_list":["post-64001","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-binance","tag-binance-2","tag-binance-vs-sec-2","tag-lawsuit-2","tag-regulation-2","tag-us-sec-2"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/11\/LP.webp","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/64001","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/53"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=64001"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/64001\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/64003"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=64001"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=64001"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=64001"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}