The Securities and Exchange Commission (SEC) has rejected a bid by Binance to dismiss a lawsuit against it. The SEC alleges that Binance has misused and misinterpreted legal principles in its defense.
What Happened: The SEC has contested Binance’s attempt to dismiss the regulator’s lawsuit, reported Cointelegraph. The SEC argues that Binance’s defense is based on an improper legal analysis and lacks a solid legal foundation.
In a court filing dated Nov. 7, the SEC called out Binance’s previous efforts to have the lawsuit dismissed. The SEC contends that no court has accepted Binance’s “tortured interpretation of the law.”
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