{"id":465362,"date":"2023-12-13T12:35:35","date_gmt":"2023-12-13T12:35:35","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=465362"},"modified":"2023-12-13T17:36:31","modified_gmt":"2023-12-13T17:36:31","slug":"binance-wants-sec-lawsuit-dismissed-argues-regulator-fails-to-meet-legal-requirement","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/binance-wants-sec-lawsuit-dismissed-argues-regulator-fails-to-meet-legal-requirement","title":{"rendered":"Binance Wants SEC Lawsuit Dismissed, Argues Regulator Fails To Meet Legal Requirement"},"content":{"rendered":"
Binance asked for a lawsuit brought against it by the US Securities and Exchange Commission (SEC) to be dismissed, arguing that its case failed to meet the requirements of the so-called ”Howey Test.”<\/p>\n
Binance, Binance.US and former CEO Changpeng Zhao argued in December 12 filings<\/a> that the SEC had failed to show that it had contracts with US customers that could be defined as an ”investment contract” as detailed by the legal definition in the Howey Test.<\/p>\n ⚡️Binance Affirms SEC Has No Right to Use Agreement with Department of Justice to Proceed with Charges 🚫 — Sophia Kong (@Sophiakong789) December 13, 2023<\/a><\/p><\/blockquote>\n\n
⚡️ Binance, one of the leading cryptocurrency exchanges, has officially declared that the United States Securities Commission (SEC) has no legal basis to use Binance's… pic.twitter.com\/HGiXos7yuR<\/a><\/p>\n