#SEC

The court has granted Justin Sun additional time to respond to the SEC allegations, pushing the deadline to December 8. The SEC accuses Sun, along with Tron Foundation, Bittorrent Foundation, and Rainberry, of offering TRX and BTT tokens as unregistered securities, infringing upon U.S. legislation. Additionally, the SEC is leveling charges against Sun for manipulating the market value of TRX.

Binance Holdings and Changpeng Zhao have filed a motion to dismiss the lawsuit lodged against them by the SEC. Company representatives assert that the financial watchdog is overstepping its bounds in the ongoing legal battle.

The cache of sealed documents consists of 117 pages. These encompass internal Binance.US records, electronic correspondences, and SEC legal filings.

U.S., U.K., and European investment firms are increasingly appointing senior executives for digital asset strategies. Amberdata's recent report reveals that 24% of asset management firms have embraced a digital assets strategy, with another 13% aiming to do so within two years. The study, which surveyed 60 investment professionals, found that nearly half (48%) incorporate digital assets in their portfolios. Despite regulatory challenges, Amberdata anticipates a positive shift in the coming years, especially with Ripple's recent legal win against the SEC.