Menu
Home
Advertise
Forums
Search forums
What's new
Unread posts
Latest activity
Earn Money
Review Website/Apps
Passive Income
Money apps
Paid Survey
Stock
Forex
Real estate
Paid to write
Social Media Monetization
Crytocurrency
Bitcoin (BTC)
Ethereum (ETH)
Crypto Exchange
Mining
Crypto Faucet / Airdrops
Binance
Business
Business strategy
Funding a business
Marketing
Digital Marketing
Social media marketing
Email marketing
Brand management
Personal Finance
Money Saving
Personal loan
Retirement
Debt help
Savings for Students
Tax relief
Insurance
Car Insurance
Life Insurance
Liability Insurance
Home Insurance
Health Insurance
Disability Insurance
FAQ
Log in
Register
What's new
Search
Search
Search titles only
By:
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Money Making Forums
Cryptocurrency Forums
Cryptocurrency News by Tradecoind2
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
[QUOTE="tradecoind2, post: 327958, member: 103239"] [HEADING=2]US SEC: Binance’s attempt to dismiss lawsuit has no legal basis[/HEADING] The US Securities and Exchange Commission (SEC) said that Binance’s arguments used in its move to dismiss the lawsuit were based on inaccurate legal analysis and had no legal basis. In a Nov. 7 court hearing , the SEC rejected Binance’s previous attempt to have the regulator’s lawsuit dismissed, saying that no court would accept the regulator’s “inaccurate interpretation of the law.” Binance. The SEC sued Binance in June alleging that Binance.US and its founder Changpeng Zhao “CZ” sold unregistered securities and were not registered as an exchange in the United States. Binance argued that the SEC failed to issue cryptocurrency guidelines, misinterpreted securities laws and applied them to cryptocurrencies, and called the lawsuit beyond its jurisdiction. In its latest rebuttal, the SEC claims Binance “never complied” with federal securities laws, which was an “intentional choice.” “Binance’s chief compliance officer summed up the case crudely but succinctly when he admitted that Binance was ‘operating as an unlicensed securities exchange in the United States.’ He was right.” It adds to Binance’s argument that comparing cryptocurrencies to “supermarket items such as oranges […] is absurd” and claims the crypto exchange’s crypto sales are investment contract according to Howey test. The regulator reiterated its statement that the BNB ICO sale violated securities laws and that Binance USD (BUSD) along with its profitable staking programs, Vault and Earn programs are investment contracts . It also rejected Binance’s argument that the lawsuit violates the doctrine of primary questions — a 2022 U.S. Supreme Court ruling that said Congress did not delegate authority to agencies, which money companies other electronics have invoked in an attempt to push back against the SEC’s claimed authority. The SEC claims that granting Binance’s motion to dismiss would “dismantle decades of precedent underpinning the nation’s securities laws” and would instead introduce a “rigid framework” that would enhance “the nation’s securities laws.” “broadness and flexibility” of current law. [B]Source:[/B] [URL unfurl="true"]https://tradecoind2.com/us-sec-binances-attempt-to-dismiss-lawsuit-has-no-legal-basis/[/URL] [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Money Making Forums
Cryptocurrency Forums
Cryptocurrency News by Tradecoind2
Top