Solana

BUSD

Security

Coin

The SEC has amended its lawsuit against Binance, Binance.US, and Changpeng Zhao, removing Solana (SOL) from the list of securities. This update was filed on July 30, 2024, in the U.S. District Court for the District of Columbia. 
The SEC’s decision to <a href="https://storage.courtlistener.com/recap/gov.uscourts.dcd.256060/gov.uscourts.dcd.256060.253.0.pdf" target="_blank" rel="noreferrer noopener nofollow">amend</a> the complaint comes after the court’s previous ruling that Binance Coin (BNB) is not a security. The court also issued a minute order on July 9, determining that secondary sales of Binance USD (BUSD) are not securities.&nbsp; 
These rulings have influenced the SEC’s latest move, which removes Solana, Cardano (ADA), and Polygon (MATIC) from the list of crypto assets deemed securities in this case. 
The SEC has informed the defendants that it does not require a court ruling to prove the allegations concerning these tokens at this time. This decision provides some relief to the crypto community, particularly for those involved with Solana and other affected assets. 
Both parties involved in the case have agreed on a schedule for submitting and reviewing the motion to amend and related pleadings. Deadlines for these submissions are set to occur within the next 30 days. 
This development reflects ongoing adjustments in the regulatory landscape for cryptocurrencies and highlights the evolving nature of legal definitions in the crypto space. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also Read: <a href="https://www.cryptotimes.io/2024/07/26/binanceth-expands-crypto-offerings-lists-trending-tokens/" target="_blank" rel="noreferrer noopener">Binance TH Expands Crypto Offerings, Lists Trending Tokens</a> 
</blockquote>

SEC Removes Solana as Security in Amended Binance Lawsuit

The Crypto Times

Další články publikované 30. 7. 2024

Bitcoin SV (BSV) Price Surges as BTC Consolidates; Will Bitcoin Cash (BCH) Price Follow the Trend?

Upbit: Derivatif Kripto Aspek Penting Perkembangan Industri Kripto Indonesia Berikutnya

Ethereum ETF Outflows: Justin Sun, Tron Founder, Sparks Fear of Imminent Massive Ethereum Selloff

BlackRock Predicts Crypto-Backed ETFs Will Enter Model Portfolios by Late 2024

Bitcoin ‘Back On Radar’ To Hit $80,000, Then New ATH, Analyst Says

RollBlock gains recognition as Shiba Inu, Floki falter from lack of utility

Join our free newsletter for daily crypto updates!