The SEC has retracted its request for a court ruling to classify tokens such as Solana, Cardano, Polygon and others as securities.
The United States Securities and Exchange Commission (SEC) no longer asks the court to decide and deem the tokens named in its lawsuit against the crypto exchange Binance as securities.
On July 30, the SEC filed a response to the court’s minute order on July 9, 2024. In the filing, the SEC wrote that it seeks to amend its complaint regarding the “Third Party Crypto Asset Securities” defined in its opposition to Binance’s motion to dismiss.
According to the SEC, this removes the need to “issue a ruling as to the sufficiency of the allegations as to those tokens at this time.” This means the government agency no longer asks the court to decide whether the affected tokens are securities.
