Solana

Security

<ul class="news-points">
 <li>The SEC has announced amendments to the Binance lawsuit.</li>
 <li>The proposed changes include Solana’s exclusion from the securities classification.</li>
 <li>Analysts view the development as a positive signal towards more regulatory clarity.</li>
</ul>
The SEC has amended its lawsuit against Binance, removing Solana from the list of cryptocurrencies it alleged were securities. This move follows a recent court ruling that determined secondary sales of Binance’s BNB token do not constitute securities.
On July 30, the SEC filed a <a href="https://storage.courtlistener.com/recap/gov.uscourts.dcd.256060/gov.uscourts.dcd.256060.253.0.pdf" target="_blank" rel="noopener noreferrer nofollow">joint status report</a> in the U.S. District Court for the District of Columbia, announcing the amendments in the Binance lawsuit. The proposed changes focus on the third-party crypto asset securities mentioned in the original lawsuit.
The SEC’s latest submission follows Judge Amy Berman Jackson’s <a href="https://coinedition.com/sec-vs-binance-lawsuit-update-judge-rules-busd-not-a-security/" rel="noopener noreferrer nofollow">ruling on Binance’s BNB token</a>. Echoing Judge Analisa Torres’ <a href="https://coinedition.com/xrp-not-a-security-ripple-celebrates-landmark-ruling-warns-of-sec-overreach/" rel="noopener noreferrer nofollow">XRP ruling</a>, Judge Jackson ruled that the secondary sale of the BNB token does not constitute security.
As per the filing, the SEC asserted that the court is not required to issue a ruling to substantiate the allegations on the tokens. The regulators added that the parties have met and agreed to a proposed s…
The post <a href="https://coinedition.com/sec-amends-binance-lawsuit-excluding-solana-from-security-classification/" rel="noopener noreferrer nofollow">SEC Amends Binance Lawsuit, Excluding Solana from Security Classification</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

SEC Amends Binance Lawsuit, Excluding Solana from Security Classification

Coin Edition

Weitere Artikel, die am 30. Juli 2024 veröffentlicht wurden

StarkNet-Based Exchange Announced It Has Stopped Its Operations, This Altcoin Price Dropped Hard!

California DMV digitizes 42m car titles on blockchain

SEC Holds Secret Meeting on August 1—Will Ripple (XRP) Case Reach a Settlement as the Battle Heat...

Bitcoin Miners Lead New Accumulation Phase: Will BTC Price See Reversal?

SEC Files New Lawsuit Against Cryptocurrency Company

Can PEPE sustain its surge to $0.000017? Key metrics suggest…

Abonniere unseren kostenlosen Newsletter und erhalte tägliche Krypto-Updates!