A senior judge in the Columbian district court has signed multiple orders to clear pending motions in the ongoing lawsuit between the United States Securities and Exchange Commission (SEC) and crypto exchange Binance. One of the key orders cleared an amicus brief filed by Circle, the issuer of the USD Coin (USDC) stablecoin. Circle argued that assets pegged to the U.S. dollar, like USDC, should not be considered securities because buyers do not expect any profit from acquiring them. The judge accepted Circle as amicus curiae, allowing them to provide information and insight into the case. The SEC filed a lawsuit against Binance in June, alleging unregistered securities sales and illegal operations in the United States. Binance and its CEO, Changpeng Zhao, have petitioned the court to dismiss the lawsuit, claiming that the SEC overstepped its powers.

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Information	Details
Geography	North America
Countries	🇨🇴 🇺🇸
Sentiment	neutral
Relevance Score	1
People	Amy Berman Jackson, Changpeng Zhao
Companies	SEC, Circle, United States Securities and Exchange Commission, USD Coin (USDC), Binance
Currencies	BNB, USDC, BUSD, US Dollar
Securities	None