US judge allows most SEC lawsuit against Binance to proceed, dismisses secondary sales charges

Late Friday, Judge Amy Berman Jackson of the U.S. District Court for the District of Columbia allowed the SEC to proceed with the SEC’s indictment against Binance for alleged initial coin offering and ongoing sales of BNB, BNB Vault, its staking service, failure to register, and fraud. It was ruled that there was. She won a motion to dismiss charges related to Binance and Zhao’s secondary BNB sales and Simple Earn.