Federal Judge to Review Ruling in SEC's Case Against Binance Following Attorneys' Interpretation
Attorneys for Binance have requested a review of a federal judge's ruling in the SEC's case against the exchange. The case accuses Binance of offering and selling unregistered securities, failing to register as a broker, clearing agency or exchange, and commingling customer funds. The status of specific claims about 10 tokens discussed during a recent hearing is unclear, and it remains to be seen how this will affect the case. Meanwhile, a judge has set a deadline of July 29 for a proposed schedule for the next steps in a case related to stablecoins and secondary crypto transactions.
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