This article will discuss the continuation of the SEC's lawsuit against Binance. Click to read the detailed explanation.

SEC Allowed to Proceed with Most Charges Against Binance

thumbnail_gugatan SEC ke binance - Bittime (1).png

gugatan SEC ke binance - Bittime (1).png

 - A federal judge has allowed the SEC to proceed with most of its lawsuits against the leading cryptocurrency exchange platform.

Although Binance managed to fend off the two charges, the SEC can still move forward with most of its cases, including charges related to Binance's Initial Coin Offering (ICO) and ongoing BNB sales, Binance Vault, staking services, and charges related to unregistered securities and fraud.

Judge Analisa Torres rejected Binance's motion to dismiss the entire SEC lawsuit. However, he delivered a small victory for Binance by denying two allegations regarding the sale of secondary BNB and Simple Earn products.

This decision shows that the SEC has made some progress in its efforts to take action against Binance for potential securities law violations.

On the other hand, Binance still has a chance to fight the remaining charges and avoid significant penalties.

Potential Impact on Binance and the Crypto Industry

This case has significant implications for Binance and the cryptocurrency industry as a whole.

The judge's final decision could determine whether Binance needs to register its BNB token with the SEC as a security and whether the platform needs to change the way it offers its products and services to investors in the United States.

Although Binance managed to win a small part of the case, its future is still clouded by uncertainty. Let's take a look at some of the challenges and opportunities that Binance may face:

Binance still needs to face major allegations filed by the SEC, including regarding BNB token sales and staking services.

If the SEC succeeds in winning this case, Binance could face large fines and strict regulatory changes in conducting its business in the United States.

Regardless of the outcome of the case, the SEC's allegations have tarnished Binance's reputation. Rebuilding investor confidence will be a tough challenge for Binance.

This case could have a domino effect on the crypto industry as a whole. The judge's final decision could set a precedent for future crypto asset regulation.

This case could be an opportunity for Binance to increase transparency and regulatory compliance. By demonstrating a commitment to regulation, Binance can attract more institutional investors.

The crypto industry can use this case to unite and push for clearer and fairer regulations.

Stronger industry associations can help protect the interests of businesses and investors in the crypto industry.

The judge's decision in the SEC vs Binance case represents a partial victory for both parties. The SEC was still able to proceed with most of its charges, but Binance escaped two charges.

This case is still ongoing, and there is no certainty when there will be a final decision. Developments in this case will continue to be closely monitored as they have the potential to have a significant impact on the crypto industry.

You can buy and sell crypto assets in an easy and safe way via over. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

To be able to buy crypto assets at over, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet.

For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. 

 and other cryptos to find out today's crypto market trends in real-time on Bittime.