Posted 10/12/2023, 12:22:30 PM
Judge Clears Stablecoin Issuer Circle to File Brief in SEC vs Binance Case Ahead of Hearing
- Judge Amy Berman Jackson cleared Circle's amicus brief in SEC vs Binance lawsuit ahead of key Oct 12 hearing
- Circle argued stablecoins like USDC are not securities as buyers don't expect profit
- Jackson accepted Circle as amicus curiae supporting neither SEC nor Binance
- SEC filed lawsuit against Binance with 13 charges including unregistered securities sales
- Binance petitioned to dismiss lawsuit, claiming SEC overstepped powers by imposing jurisdiction without clear norms