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Mehab Qureshi

Cryptocurrencies Plummet As Binance And Zhao Seek Dismissal Of SEC Lawsuit

Binance SEC Changpeng Zhao Crypto Lawsuit United States Bitcoin KANCHANARA Securities and Exchange Commission US Federal Reserve

Major cryptocurrencies saw a significant decline in value on Wednesday evening following the filing of a dismissal request by Binance, Binance.US, and Changpeng Zhao in response to a Securities and Exchange Commission (SEC) lawsuit. PHOTO BY KANCHANARA/UNSPLASH

Major cryptocurrencies saw a significant decline in value on Wednesday evening following the filing of a dismissal request by Binance, Binance.US, and Changpeng Zhao in response to a Securities and Exchange Commission (SEC) lawsuit.

Binance, Binance.US, and Zhao have filed a motion to dismiss the SEC lawsuit against them. They argue that the SEC has not provided sufficient evidence to support their allegations of securities-related violations.

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