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

Other articles published on Jul 30, 2024

Why Investors Are Eyeing These as the Best Crypto Presale Projects 2024

Stocks to Watch Today: Nvidia Corporation, CrowdStrike, and PayPal

Research Finds Bots Driving Solana Transaction Surge, Surpassing Ethereum

Russia moves ahead to regulate crypto payments to bypass Western sanctions

Grayscale’s ETH ETF outflows could subside this week — Analyst

Jambo and PixelVerse Collaborate to Revolutionise Digital Access in Emerging Markets

Join our free newsletter for daily crypto updates!