SEC to Pursue Binance Lawsuit Regardless of $4.3B Fine

The United States Securities and Exchange Commission (SEC) has recently stated that Binance Holdings Ltd.’s recent $4.3 billion settlement with the Department of Justice (DoJ) and other U.S. authorities serves to fortify the SEC Binance case.

Notably, the SEC is not directly involved in the November 21 settlement agreement. However, on December 8, it argued that the federal court in Washington handling its case should take into consideration admissions by Binance and its former CEO, Changpeng Zhao, in the settlement.

The SEC’s lawsuit, filed in June, accuses Binance and Zhao of mishandling customer funds, providing misleading information to investors and regulators, and violating…

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