Binance Holdings Limited has asked a D.C. district court to dismiss the case on Thursday, pushing against allegations of wash trading.
Stay updated on Pro Crypto Ecosystems news by locking ACS tokens with The Block.No wallet? No problem. You can set one up for free. We recommend Torus for first-time users.Binance units connected to its U.S. arm asked a D.C. district court to dismiss a case brought by the Securities and Exchange Commission, calling allegations of wash trading"unsubstantiated with facts.
Wash trading, under the securities laws, requires a"fraudulent intent to manipulate the market," the lawyers said. The lawyers also cited the major questions doctrine in the motion, and said the SEC could not regulate digital assets as being securities. T
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