Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • CASINO
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • CASINO
Crypto Flexs
Home»ADOPTION NEWS»Binance Faces SEC Lawsuit Over Unregistered Securities, Court Moves Forward on Some Claims
ADOPTION NEWS

Binance Faces SEC Lawsuit Over Unregistered Securities, Court Moves Forward on Some Claims

By Crypto FlexsJune 29, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Binance Faces SEC Lawsuit Over Unregistered Securities, Court Moves Forward on Some Claims
Share
Facebook Twitter LinkedIn Pinterest Email





The United States Securities and Exchange Commission (SEC) has now taken legal action against Binance, one of the world’s most popular cryptocurrency exchanges. Binance has been accused by the SEC of violating federal securities laws by offering to sell unregistered securities and conducting business in the United States in an improper manner. There are a number of allegations made against Binance in this legal proceeding. These allegations include allegations regarding the company’s staking program and the subsequent sale of BNB tokens. Initial Coin Offeringand violating anti-fraud regulations. Some claims were allowed to proceed, but others were dismissed by the courts that heard them.

Allegations Allowed to Proceed: Binance’s Staking Program The court has decided to proceed with allegations related to Binance’s staking program, which allows participants to accumulate incentives by holding certain cryptocurrencies.
As the initial coin offering of the cryptocurrency proceeds, the claims related to the BNB token sale will also proceed. In this regard, the court will conduct further investigation into the claims raised by the SEC.

Anti-Fraud Violations: The court granted an extension of the claim related to anti-fraud violations committed by Binance, which appears to indicate that the SEC has provided sufficient evidence to support these allegations.

“Controller” allegations: The court also decided to advance the SEC’s claim that Binance’s former CEO Changpeng “CZ” Zhao assumed a “controller” role within the company.

Claims related to BNB secondary market sales dismissed by court The court ruled that claims related to BNB secondary market sales were dismissed. Claims filed by the Securities and Exchange Commission (SEC) related to the sale of BNB tokens on the secondary market failed to meet the conditions set by the court.
Binance USD (BUSD) Sale: The court ruled that all claims related to the sale of Binance USD (BUSD), a stablecoin issued by Binance, were dismissed.

The court’s decision to continue allowing numerous claims despite several having been dismissed is noteworthy. Specifically, this suggests that the Securities and Exchange Commission (SEC) has made a compelling case against Binance, raising concerns about the exchange’s securities compliance. The court set a hearing for July 9 to conduct a more in-depth investigation into the claims and gather additional evidence.

Image source: Shutterstock



Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bitcoin analysts bet on $ 200K after hints of Fed.

August 23, 2025

‘Self -transactions, dressed in capital layout’: The cryptocurrency financial craze divides the industry.

August 15, 2025

As you challenge the mixed technology signal, OnDo Price Hovers challenges the August Bullish predictions.

August 7, 2025
Add A Comment

Comments are closed.

Recent Posts

Newcastle United Announce Multi-year Partnership With BYDFi

August 26, 2025

R0AR Chain Launches Public Node Sale Following $1 Million Whitelist Success

August 26, 2025

Easy Cloud Mining, High Daily Returns

August 26, 2025

Crypto liquidation exceeds $ 900m after the Fed Chair ‘s jackson hole speech.

August 26, 2025

What happened in Crypto today

August 26, 2025

BitMine Immersion (BMNR) Reigns as the #1 ETH Treasury in the World, 2nd Largest Crypto Treasury Globally and the 20th Most Liquid US Stock, Trading $2.8 Billion per Day on Average

August 25, 2025

Gamdom Launches Next-Level Sportsbook Experience

August 25, 2025

NE-YO Partners With Neura To Transform Entertainment With Emotional AI

August 25, 2025

Mine BTC Daily With Okalio Mining, Allowing You To Earn Steady Profits Without Investing In Equipment!

August 25, 2025

HKGAI And FLock.io Partner To Advance Decentralised AI For Government Efficiency

August 25, 2025

BNB chain overtakes polygons with NFT sales on the 7th.

August 25, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Newcastle United Announce Multi-year Partnership With BYDFi

August 26, 2025

R0AR Chain Launches Public Node Sale Following $1 Million Whitelist Success

August 26, 2025

Easy Cloud Mining, High Daily Returns

August 26, 2025
Most Popular

Solana following Bitcoin? Network activities, chart patterns are $ 300 SOL Price

May 27, 2025

QPR has a partner relationship with Tokenfi to sponsor training kits.

August 6, 2025

More high-risk leveraged cryptocurrency ETFs are hitting the market.

July 18, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.