TechFlow news: Binance.US and its affiliated entities have requested a district court in Washington, D.C. to dismiss the lawsuit filed by the U.S. Securities and Exchange Commission (SEC), calling the SEC's allegations regarding money laundering transactions "factually unfounded." In June, the SEC accused Binance.US—linked to Binance Holdings Limited and BAM—of allowing Sigma Chain, a trading firm owned by Binance CEO CZ, to conduct money laundering activities.
In a motion to dismiss filed on Thursday, Binance's legal team argued that the SEC's claims lack specific factual basis. Additionally, the lawyers challenged the SEC’s characterization of certain tokens offered on the platform as securities—including BNB, BUSD, SOL, ADA, MATIC, FIL, ATOM, SAND, MANA, ALGO, AXS, and COTI—and asserted that the SEC lacks authority to classify digital assets as securities.
