U.S. SEC: Although Binance has reached a settlement with the Department of Justice, the lawsuit should still proceed

ChainCatcher news, according to Bloomberg, the U.S. Securities and Exchange Commission (SEC) stated that the $4.3 billion settlement agreement recently reached by Binance Holdings Ltd. with the U.S. Department of Justice is a support for its lawsuit against Binance.

Although the SEC was not involved in the settlement agreement, Binance and Changpeng Zhao had previously requested the court to dismiss the SEC's lawsuit. Neither Binance nor Changpeng Zhao has commented on the statement.