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