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Binance CEO CZ Zhao Files Petition To Dismiss SEC Lawsuit Overstepping Authority

Binance CEO Changpeng Zhao and his cryptocurrency exchange have filed a petition to dismiss the lawsuit brought against them by the SEC. The petition claims that the SEC overstepped its authority and distorted the securities laws in an attempt to regulate the crypto industry. Binance.US also filed a separate petition to have the charges against it dismissed. This is an ongoing story and more information will be provided as it becomes available.

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