The SEC and Binance have opposed a petition by third-party entity Eeon to intervene in the lawsuit on behalf of customers. Binance gave three reasons for dismissing the petition, including Eeon's failure to meet requirements for intervention under the law. The SEC argued that Eeon is a serial pro se litigant whose causes have failed to gain traction in federal courts, and requested the court to deny the petition. Meanwhile, Binance has filed a motion to dismiss the US CFTC lawsuit claiming that it lacks jurisdiction on the global crypto exchange and the right to sue its CEO CZ.
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