Binance Files Motion To Dismiss SEC Lawsuit
Aside from accusing the SEC of overreaching their authority, the motion also raises the issue of the "major questions doctrine".
![image Clement](https://image.coinlive.com/24x24/cryptotwits-static/e1626e8b27bc9a9eda5bf128faa1431d.jpeg)
Aside from accusing the SEC of overreaching their authority, the motion also raises the issue of the "major questions doctrine".
According to Marc Fagel, an SEC veteran and former Director, a ruling in the case between the SEC and Ripple might be coming in days.
Binance appears unfazed despite the recent U.S. Securities and Exchange Commission (SEC) charges.
Ripple's general counsel drew attention to SEC's inconsistencies.
Binance disagrees with the SEC's allegations
The recent Wells notice from the SEC to Coinbase has sparked another reaction from Ripple.
The Justice Department has been looking into Binance over money laundering allegations, reports note.
Blish believes the biggest challenge would emerge if the SEC decides that no U.S. citizen should interact with crypto staking protocols.
India's central bank has been a vocal critic of cryptocurrencies over the years; it previously stated that CBDCs could thwart the adoption of digital assets.