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Binance, the world's largest cryptocurrency exchange, is making significant strides in compliance to regain market share and attract new users. CEO Richard Teng is focusing on a compliance-first approach, investing $200 million into compliance efforts. This strategy aims to position Binance as a leader in the crypto space by emphasizing regulatory adherence to capture the next billion users. Despite a market share drop, Teng remains optimistic. In parallel, Binance and its former CEO Changpeng 'CZ' Zhao are pushing back against the SEC's amended lawsuit. Their legal team has filed a motion to dismiss the SEC’s lawsuit, criticizing the agency for its vague and arbitrary regulatory standards for crypto assets.
Binance and its former CEO Zhao Changpeng's legal team filed a motion to the U.S. SEC to dismiss the SEC's amended lawsuit, claiming that the SEC lacks clear regulatory standards for crypto assets and criticizing its "arbitrary" decision on which crypto transactions are…
CZ AND BINANCE PUSH BACK ON SEC CONFUSION Binance and CZ are throwing some serious shade at the SEC! Their lawyers just filed to dismiss the SEC’s revised lawsuit, saying it’s all buzz and no clarity on crypto rules. They’re calling out the SEC for acting like every crypto… https://t.co/gMjkmA1tWX
BINANCE AND CZ PUSH BACK AGAINST SEC LAWSUIT CLAIMS Lawyers for Binance and former CEO Changpeng “CZ” Zhao have filed a motion to dismiss the SEC’s amended lawsuit, criticizing the agency for its vague stance on crypto regulations. They argue the SEC is misinterpreting a court… https://t.co/UIs19YqrTQ