Legal counsel for Binance and its former CEO Changpeng “CZ” Zhao have taken steps to challenge the Securities and Exchange Commission (SEC) lawsuit filed against them. This latest move is part of ongoing efforts to defend against the allegations brought by the SEC.
The lawsuit, which accuses Binance and CZ of violating securities laws, has been met with a strong legal defense from the defendants. In their latest filing, the lawyers representing Binance and CZ argue for the dismissal of the SEC’s claims, citing various legal grounds and precedents.
As the legal battle between Binance/CZ and the SEC continues, both sides are preparing for a protracted courtroom fight. The outcome of this case could have far-reaching implications for the cryptocurrency industry as a whole.
