SEC Drops Bombshell in Binance Case: Tokens Aren’t Securities
The SEC has amended its complaint against Binance, Binance.US, and Changpeng Zhao, revising its stance on classifying certain crypto assets, acknowledging that tokens like SOL, ADA, and MATIC are not inherent securities. The SEC now clarifies that “crypto asset securities” refer to the contracts and agreements tied to token sales, not the tokens themselves. The…