The U.S. SEC is amending its lawsuit against Binance, Binance.US, and co-founder Changpeng Zhao, specifically regarding third-party crypto asset securities.
The SEC intends to modify its complaint without needing a court ruling on the status of certain crypto tokens, following a decision that BNB and secondary sales of BUSD are not securities.
Both parties have agreed to a 30-day schedule for submitting these amendments and related documents.
This update offers partial relief for crypto assets such as Solana (SOL), Cardano (ADA), and Polygon (MATIC), initially included in the SEC’s complaint. Other tokens involved are FIL, ATOM, SAND, MANA, ALGO, AXS, and COTI.
Binance claims the SEC’s amendment proposal was disclosed late, suggesting broader changes.
Binance is hesitant to agree to the discovery process without first reviewing the new complaint. Jeremy M. Christiansen has filed to represent Binance Holdings in this lawsuit.
On September 18, during an interview at Token2049, Alex Svanevik, CEO of blockchain analytics firm Nansen, shared his insights on the potential impact of the 2024 U.S. presidential election on the cryptocurrency landscape.
Donald Trump and his sons launched their DeFi project, World Liberty Financial (WLFI), during a lengthy X Spaces session on Monday, but the event fell short of expectations.
The Swiss Stock Exchange, SIX, is setting its sights on the digital asset market by establishing a foothold in Europe for cryptocurrency trading.
Cryptocurrency exchange Bitget and Foresight Ventures have announced a significant $30 million investment in The Open Network (TON) blockchain.