Binance, its former CEO, and lawyers filed a motion on November 4, 2024, to dismiss the SEC’s amended complaint. The motion argues that secondary market crypto resales should not be classified as securities and criticizes the SEC’s lack of clear regulatory standards for crypto assets. The motion points out the SEC’s inconsistent stance, particularly regarding Ethereum.
This case is separate from DOJ charges that resulted in a $4.3 billion fine and CZ’s prison term.
