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Binance and CZ Seeks Dismissal of SEC’s Amended Complaint

  • Binance and its former CEO, CZ, have filed a motion to dismiss the SEC's amended complaint against them.
  • Binance's legal team argues that the SEC fails to provide clear regulatory standards for the crypto industry and contradicts a prior court ruling.
  • The motion claims that the SEC classifies almost all crypto transactions as securities, arbitrarily choosing winners and losers in the crypto space.
  • Binance has faced legal challenges but has made efforts to navigate regulatory hurdles under new CEO Richard Teng.

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