Binance Fights SEC Lawsuit with Multiple Court Filings

The crypto exchange argues the regulator's interpretation of securities laws is flawed and contests the inclusion of its DOJ settlement in the SEC case.

• Binance and its founder, Changpeng 'CZ' Zhao, have filed a series of court documents in an attempt to dismiss the ongoing lawsuit from the Securities and Exchange Commission (SEC).
• Binance argues that the SEC has applied a 'novel, contorted interpretation' of securities laws and accuses the regulator of overreach.
• The SEC is trying to include Binance's guilty plea and settlement agreement with the Department of Justice (DOJ) in its own legal proceedings, a move Binance is contesting.
• Binance and Zhao argue that the SEC has not met the requirements of the 'Howey Test' in its suit against them.
• The SEC's case against Binance includes 13 charges such as the unregistered offer and sale of crypto assets, failure to restrict U.S. investors from accessing Binance.com, and operating as an unregistered exchange, broker, and clearing agency.

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