US SEC files additional charges against Binance... "Lawsuit, up to 26 years"

Additional securities law violation charges against Binance executives
The indictment excludes the securities law violation of other altcoins
The sale of the Binance exchange's BNB and the circulation of BUSD are also excluded from the indictment

On the 20th, the US court, at the request of the US Securities and Exchange Commission (SEC), modified the indictment against Binance and extended the expected judgment date of the lawsuit to 2026. The previous judgment date for the lawsuit against Binance was November 2025.

Due to the SEC's amendment of the indictment, the litigation between the SEC and Binance has changed significantly. While additional criminal charges have been added against Binance and Binance executives, the issue of whether the altcoins associated with the main lawsuit violated securities law has been removed from the lawsuit.

The SEC requested the US court to amend the indictment against Binance. Compared to the indictment filed in June 2023, the SEC expanded the charges against Binance US, BAM Trading, the parent company of Binance US, and Zhao Changpeng, the former CEO of Binance. It is argued that they have more securities fraud charges than the previously alleged securities law violations, and more criminal charges should be added to the indictment.

Meanwhile, the amended indictment requested by the SEC dismissed the charges of securities law violations against the trading of the Binance coin (BNB) and Binance's own stablecoin Binance USD (BUSD). It also included that the issue of whether cryptocurrencies such as Solana (SOL), Cardano (ADA), and Polygon (Matic) violated securities law will not be determined through the trial between the SEC and Binance.

After the US court approved the SEC's request, the two parties must complete the document submission by July 2025 and submit testimony and expert materials by March 2026.