Hope

<ul class="news-points"> 
 <li><strong>Judge Jackson’s ruling to dismiss the SEC’s claims against BNB’s secondary sale has clarified the secondary sale of crypto assets.</strong></li> 
 <li><strong>The ruling hints at the potential victory for exchanges like Kraken and Consensys against the SEC.</strong></li> 
 <li><strong>Scott Johnsson acknowledges the ruling as a “big loss” for the SEC.</strong></li> 
</ul> 
<p>In a significant legal victory for Binance, a federal judge has ruled that secondary market sales of its BNB token do not constitute securities. The decision could have far-reaching implications for the regulatory landscape surrounding cryptocurrencies and their trading.</p> 
<p>Fox Business journalist Eleanor Terrett, in her post on X (formerly Twitter), highlighted the significance of Judge Jackson’s ruling as a “big win” for the crypto industry.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;">NEW: A big win for clarity over secondary market sales of digital assets: <br><br>District judge Amy Berman Jackson has just dismissed the <a href="https://twitter.com/SECGov?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@SECGov</a>’s claim that secondary sales of <a href="https://twitter.com/binance?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@binance</a>’s <a href="https://twitter.com/search?q=%24BNB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$BNB</a> token qualify as securities under the Howey test, citing <a href="https://twitter.com/Ripple?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@Ripple</a>’s Judge Analisa Torres…</p>— Eleanor Terrett (@EleanorTerrett) <a href="https://twitter.com/EleanorTerrett/status/1806896212173328850?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">June 29, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
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</figure> 
<p>In the latest development, the court <a href="https://www.courtlistener.com/docket/67474542/248/securities-and-exchange-commission-v-binance-holdings-limited/" target="_blank" rel="nofollow">decided to proceed</a> with most of the charge…</p>
<p>The post <a href="https://coinedition.com/judges-smackdown-of-sec-in-binance-case-sparks-hope-for-crypto-industry/">Judge’s Smackdown of SEC in Binance Case Sparks Hope for Crypto Industry</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

Judge’s Smackdown of SEC in Binance Case Sparks Hope for Crypto Industry

Coin Edition

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