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International Business Times
International Business Times
Business
Marvie Basilan

Max Pain Before Gensler Exit? SEC Moves To Block Binance's Case Dismissal Bid

Binance SEC Gary Gensler Crypto Donald Trump Stuart Alderoty Ripple Howey
Binance is just one of a huge list of crypto firms that the Gensler SEC sued over the last three years. (Credit: Binance on X / Video Screenshot)

KEY POINTS

  • The SEC insisted that the court shouldn't dismiss the case as requested by Binance
  • The regulator, still under Gary Gensler, insisted that Binance obtained 'ill-gotten gains' from its supposed violations
  • Ripple's Stuart Alderoty slammed the SEC's amended complaint as a 'recycled' version of the same 'failed' arguments

The U.S. Securities and Exchange Commission (SEC) has been quite silent in recent weeks following the election of Donald Trump and a Republican majority in Congress, but on Thursday, the financial regulator reawakened, pushing back against Binance's bid to dismiss a lawsuit alleging that Binance's sales of its BNB coin and other cryptocurrencies were a violation of securities laws.

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