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Binance Rejects SEC Charges: Claims DOJ Deal Separate!

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Binance Rejects SEC Charges: Claims DOJ Deal Separate!

Binance has argued in court documents that a settlement agreement it reached with the U.S. Department of Justice (DOJ) and Financial Crimes Enforcement Network (FinCEN) is not relevant to charges brought against it by the Securities and Exchange Commission (SEC). In a filing with the U.S. District Court for the District of Columbia, Binance claimed that the settlement with the DOJ and FinCEN, which involved paying $56 million in penalties, did not address the SEC’s allegations that Binance violated securities laws by offering unregistered securities to U.S. investors. Binance also argued that the SEC’s supplementary brief did not present new evidence in the case. The SEC had filed a supplementary brief in response to Binance’s motion to dismiss the charges, arguing that Binance’s actions constituted a clear violation of securities laws.

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