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Binance SEC Lawsuit: CZ Files to Dismiss Complaint, What’s Next?

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Binance and founder Changpeng Zhao (CZ) have filed a motion to dismiss the SEC lawsuit against the crypto exchange.

The US securities regulator amended the original complaint regarding the “crypto asset securities” to which Binance responded on Monday .

Binance slammed the SEC for failing to provide any regulatory clarity on digital assets.

In a separate initiative, Binance announced a $3 million relief fund to aid communities affected by severe flooding in Spain .