The U.S. Securities and Exchange Commission (SEC) gets partial win in the Coinbase case, with Judge Failla ruling significant decisions on securities aspects in wallet service, staking service, secondary market sales, and others. The U.S. SEC now seeks to leverage key decisions in the Coinbase case, including dismissal of the lawsuit, against Binance and other defendants.
SEC Files Coinbase Ruling in Binance Lawsuit
In a court filing late March 27, the plaintiff U.S. Securities and Exchange Commission submits a notice of supplemental authority informing the court about Judge Failla’s ruling in SEC v. Coinbase. This will be the second valid supplemental authority against Binance, Binance.US, and Changpeng “CZ” Zhao after the Binance class action lawsuit.
As per an earlier decision by the court regarding supplemental authority, the SEC just notified the court rather than contesting arguments related to Binance’s lawsuit dismissal.
The SEC charged Binance for the unregistered offe
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