SEC Says Its Binance Case Should Advance Despite DOJ Settlement

The Securities and Exchange Commission says Binance Holdings Ltd.’s recent $4.3 billion settlement with the Justice Department and other US authorities bolsters its own case against the world’s biggest crypto exchange.

Despite not being part of the agreement, the SEC argued on Friday that the federal court in Washington hearing its case should weigh admissions by Binance and the firm’s former chief executive, Changpeng Zhao, in the Nov. 21 settlement. The firm and Zhao have asked the court to dismiss the SEC’s lawsuit.

Changpeng Zhao, center, exits federal court in Seattle on Nov. 21.

Photographer: Chloe Collyer/Bloomberg

Read More: Crypto Exchange Binance, CEO Zhao Ask Court to Dismiss SEC Suit

Representatives ...