<ul><li>Binance and its founder, Changpeng Zhao, have filed a motion to dismiss the SEC's amended complaint.</li><li>Binance argues that the SEC's expanded lawsuit contradicts a previous court ruling that clarified crypto is not inherently classified as a security.</li><li>Binance asserts that token sales over exchanges lack the characteristics of investment contracts under securities law.</li><li>Binance also contests the SEC's classification of alleged blind sales of BNB as investment contracts and requests the rejection of certain relief measures.</li></ul>

Binance challenges SEC lawsuit crypto classification in court motion

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