The SEC’s original legal action sought remedies including injunctive relief, disgorgement of Binance’s profits, and civil monetary penalties.

Quotes that support claims

The SEC filed a lawsuit against Binance, Binance.US, and founder Changpeng Zhao on June 5, 2023, in the US District Court for the District of Columbia. The complaint included 13 charges, alleging violations of federal securities laws.

The agency sought injunctive relief, disgorgement of profits, and civil penalties.