Binance Files Motion to Dismiss SEC’s Amended Complaint

Binance continues its legal struggle with the U.S. Securities and Exchange Commission (SEC) amid allegations of cryptocurrency-related violations. On Nov. 4, legal representatives for Binance and former CEO Changpeng “CZ” Zhao submitted a motion to dismiss the SEC’s amended complaint, which added tokens like Axie Infinity Shards (AXS), Filecoin (FIL), Cosmos’ ATOM, The Sandbox’s SAND, and Decentraland’s MANA to its claims. The SEC initially filed an amended complaint in September, claiming these tokens are securities, an assertion Binance’s legal team disputes. Binance’s defense argues that the SEC’s claims “fail as a matter of law.” In the motion, Binance’s lawyers contend

Source: CryptoIntelligence