In a recent legal showdown, the U.S. Securities and Exchange Commission (SEC) reaffirmed its regulatory jurisdiction over specific cryptocurrency assets in a court proceeding earlier this week, as Binance, the world's largest centralized crypto exchange by trading volume, appealed to a federal for the dismissal of the SEC's ongoing fraud lawsuit.
Binance formally requested U.S. Judge Amy Berman Jackson to dismiss the lawsuit brought forth by the SEC, accusing Binance of rule violations and fraudulent activities.
