SEC Counters Binance's Attempt to Dismiss Lawsuit

Adekunle Joshua

The ongoing legal conflict between Binance and the U.S. Securities and Exchange Commission (SEC) is now intensifying more

Reportedly, the SEC is planning to dismiss the lawsuit entirely

According to SEC, the arguments presented by Binance are "incorrect, absurd, and lack support from any court

The SEC has also acknowledged that Binance was "operating as an unlicensed securities exchange in the USA"