In a major win for the crypto industry, a federal court ruled that crypto tokens are not securities.
Cryptocurrencies and secondary sales of the BNB token do not constitute securities, a federal court ruled in another significant victory for the crypto industry.
Cryptocurrencies and secondary sales of Binance Coin (BNB) do not constitute securities offerings, according to a United States federal court ruling by Judge Amy Berman Jackson.
In a significant win for Binance.US, the judge dismissed several claims made by the United States Securities and Exchange Commission (SEC), according to a July 2 announcement by Binance: