June 16 (Cointime) - Lawyers representing the SEC have argued that the additional documents submitted by Dentons in support of their motion to dismiss the lawsuit lack sufficient evidence to dismiss the case. The SEC's counsel has stated that the Binance.US transcript and internal SEC emails presented by the defense have no relevance to the current case. Dentons submitted supplementary documents to bolster their motion to dismiss the lawsuit, arguing that the algorithmic stablecoin UST is not classified as a security. Judge Jed Rakoff will render a decision on the motion to dismiss the case by July 14th.
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