Binance has submitted two key filings in response to an ongoing case launched by the U.S. Securities and Exchange Commission (SEC). The first filing seeks to dismiss the case, arguing that the SEC has not provided sufficient evidence that Binance tokens and services are securities or investment contracts. It also claims that the SEC’s claims regarding Binance’s BNB token are time-barred and that certain transactions on Binance.com should not be subject to U.S. securities law. The filing further argues that the SEC failed to provide fair notice about its securities claims and that the complaints against Binance’s former CEO, Changpeng Zhao, should be dismissed due to lack of personal jurisdiction.

In a separate filing, Binance contested the SEC’s request to consider plea deals made with the Department of Justice (DOJ) and other U.S. government agencies. Binance argued that the SEC failed to demonstrate the relevance of these settlements to its claims against Binance and Zhao. The filing also maintained lack of jurisdiction defenses and argued that the plea deals only showed violations of the Bank Secrecy Act, not the securities and exchange acts in question. Binance concluded by urging the court to dismiss the case entirely.

This News Article was automatically generated by Bob the Bot (AI)

Information	Details
Geography	North America
Countries
Sentiment	neutral
Relevance Score	1
People	Changpeng Zhao
Companies	FinCEN, Department of Justice (DOJ), Binance Holdings Limited, Binance, U.S. Securities and Exchange Commission (SEC)
Currencies	BNB
Securities	None