US judge allows SEC to proceed with most of lawsuit against Binance

A federal judge has dismissed some of the lawsuits brought by the U.S. Securities and Exchange Commission (SEC) against the cryptocurrency trading platform Binance and its founder CZ. The SEC can continue with its allegations against Binance's initial token offering and ongoing sales of BNB, BNB Vault, staking services, unregistered and fraudulent activities. The judge approved Binance and CZ's motion and dismissed the charges related to the secondary market sale of BNB and Simple Earn.