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US Securities Commission (SEC) has taken steps to Close your lawsuit against Binance
11.07b USD
and its founderChangpeng “CZ” Zhao.
29. May both sides endured a Joint request with a federal court in Washington, DCAsking for the case to be rejected permanently, which would prevent the same accusations again.
The Sec was filed for the first time in June 2023, arguing that Binans and his American partner, bam tradition, violated the laws on securities.
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The agency said the exchange had mixed customers funds, that she failed to block US users to access the main platform and gave the wrong information about his business.
Recent Court’s report mentioned by Sec’s Crypto Working Groupwhich suggests that the unit could help the Agency to be carried in the future. Sec he explained that The discharge of the lawsuit was the right decision based on the decisions on internal policy.
The case had already had put on hold Twice, once in February and again in April, because the agency re -examined its legal approach.
After the last report of the court, Binanac divided ua 29. May Post on x that The decision was “a huge victory for cryptocurrencies”. The exchange also thanked President Donald Trump and SEC President Paul Atkins for opposing what he described as a regulation based on implementation.
On May 6, Zhao confirmed to Podcasta Faqroh that he had asked for a pardon from President Trump. What did he say? Read the whole story.
After a master’s degree in economics, politics and culture of the East Asia region, Aaron wrote scientific papers by analyzing the differences between Western and collective forms of capitalism in the Era after World War II.
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