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TechFlow news — According to Bloomberg, although the SEC was not involved in Binance's $4.3 billion settlement with the U.S. Department of Justice, the agency argued on Friday that a federal court in Washington should consider Binance and its former CEO Changpeng Zhao’s admissions made in the November 21 settlement agreement. Binance and Zhao had previously requested the court to dismiss the SEC’s lawsuit.
Although the SEC was not involved in Binance's $4.3 billion settlement with the U.S. Department of Justice, the agency argued Friday that a federal court in Washington should consider Binance and its former CEO Changpeng Zhao's admissions made in the November 21 settlement agreement when adjudicating its case. Binance and Zhao had previously requested the court to dismiss the SEC's lawsuit.
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