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

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