SEC amends case against Binance to redefine crypto securities. SECs' decision comes after the court ruling that BNB is not a security.
The U.S. SEC amends its case against Binance, reconsiders the demand to name tokens – such as Solana – as securities.AMBCrypto
According to a recent report, the commission has amended the case against the crypto exchange regarding the issue of third-party crypto asset securities. SEC’s decision comes amidst various changes after the court argued that BNB was not a security earlier this year. The CFTC chairman clarified that 80% of cryptocurrencies are not securities.The development is significant for the wider crypto markets, as the SEC has been persecuting various cryptos and exchanges over security statutes of their tokens, such asAs of this writing, BNB was trading at $573.53 after a 2.17% decline on weekly charts. Also, BNB has declined on the daily charts by 3.41%.
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