Coin

<ul class="news-points"> 
 <li>Binance and its CEO and co-founder Changpeng Zhao approached the court on Thursday to dismiss the SEC lawsuit against them.</li> 
 <li>The two parties accused the Wall Street regulator of retroactively enforcing laws.</li> 
 <li>BinanceUS also filed a similar petition against the SEC, asking the court to dismiss the SEC’s actions against it.&nbsp;&nbsp;&nbsp;</li> 
</ul> 
Crypto exchange Binance Holdings Limited and <a href="https://coinedition.com/tag/changpeng-Zhao/">CEO and co-founder Changpeng Zhao</a> approached the court on Thursday to dismiss the U.S Securities and Exchange Commission (SEC) lawsuit against them, a Bloomberg report reveals. 
The 60-page petition filed by Binance and Zhao accused the SEC of acting beyond its authority against the two. Likewise, the filing also detailed other recent actions of the SEC, which they now ask the court to dismiss. 
Furthermore, the filing accused the regulator of retroactively enforcing its rules against the two parties. As claimed by Binance and Changpeng, the SEC is imposing penalties on actions it didn’t provide public guidance in the past. 
Lawyers to Binance and Zhao also accused the SEC of intentionally blurring the texts of the securities law. They claim the Wall Street regulator did this to claim power …
The post <a rel="nofollow" href="https://coinedition.com/stop-the-sec-now-binance-ceo-cz-runs-to-court-to-dismiss-sec-suit/">Stop the SEC Now: Binance CEO CZ Runs to Court to Dismiss SEC Suit</a> appeared first on <a rel="nofollow" href="https://coinedition.com">Coin Edition</a>.

Stop the SEC Now: Binance CEO CZ Runs to Court to Dismiss SEC Suit

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