U.S. Judge Lets Most of SEC Case Against Binance Proceed, Dismisses Secondary Sales Charge
Summary
A federal judge dismissed some SEC charges against Binance and its founder, but allowed others to proceed. The charges include unregistered initial coin offering, ongoing sales, failure to register, and fraud. The judge cited previous rulings and rejected arguments against SEC enforcement actions on crypto entities. Zhao's 4-month sentence for sanctions violation is separate from the SEC case. A hearing is scheduled for July 9.
