New SEC allegations about investor-to-investor sales of Binance Holdings Ltd.'s BNB coin and ten other cryptocurrency assets are sufficient to support claims for operating an unregistered securities exchange, the agency said in a brief.
The claims against Binance and two affiliates—BAM Trading Services Inc. and BAM Management US Holdings Inc.—should be allowed to proceed, the Securities and Exchange Commission told the US District Court for the District of Columbia on Wednesday in opposition to the companies’ requests for dismissal. The BAM companies operate the Binance.US cryptocurrency exchange.
Judge Amy Berman Jackson previously allowed failure-to-register claims to proceed in part, while ...
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