The decision by Judge Amy Berman Jackson of the U.S. District Court for the District of Columbia deals a blow to Binance, which had asked the court to toss...
- A federal judge ruled late Friday that the majority of a lawsuit filed by the U.S. Sec urities and Exchange Commission against Binance , the world's largest cryptocurrency exchange , can proceed.
The SEC's suit filed against Binance in June 2023 accused the exchange and Zhao of artificially inflating its trading volumes, diverting customer funds, failing to restrict U.S. customers from its platform and misleading investors about its market surveillance controls.The ruling adds to the exchange's woes after Binance agreed in November to pay $4.3 billion to settle with the Department of Justice and the Commodity Futures Trading Commission over illicit finance breaches.
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Commodity Futures Trading Commission Judge Amy Berman Jackson Lawsuit Filed Cryptocurrency Exchange Binance Securities Laws U.S. District Court For The District Of Columbia SEC U.S. Securities And Exchange Commission
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