A U.S. judge allows the SEC to proceed with most of its lawsuit against Binance

ChainCatcher news, according to Coindesk, a federal judge has dismissed part of the lawsuit by the U.S. Securities and Exchange Commission (SEC) against the cryptocurrency exchange Binance and its founder CZ. The SEC's claims regarding Binance's initial coin offering and the ongoing sales of BNB, BNB Vault, staking services, as well as the unregistered and fraud allegations can proceed.

The judge granted Binance and CZ's motion to dismiss the charges related to secondary BNB sales and Simple Earn.