Binance and its founder, Changpeng Zhao (CZ), have filed a motion seeking to dismiss the lawsuit brought against them by the Securities and Exchange Commission (SEC).
The SEC filed suit in August, claiming Binance sold cryptocurrencies that should have been registered as securities. The tokens named in the case include Binance Coin (BNB), Binance USD (BUSD), and several third-party tokens traded on Binance’s platform.
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