**Exciting Update in Binance-SEC Legal Battle**
In a significant development, the legal battle between Binance and the SEC is set to move forward, with a judge largely denying requests to dismiss the case. The ruling affirms that the SEC’s allegations against Binance and its CEO CZ will proceed despite attempts to halt proceedings.
The only exception pertains to the SEC’s assertion that secondary sales of BNB by entities not affiliated with Binance should be classified as securities, a claim the judge has deemed not actionable.
Remaining aspects of the case, including those concerning the initial BNB ICO and ongoing sales by Binance, will proceed as scheduled. Furthermore, legal actions against CZ and BAM subsidiaries will also continue.
*This update does not constitute investment advice.*
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