Fox Business reporter: Crypto industry wins major victory in clarity on secondary market digital asset sales
Odaily2024/06/29 04:27
By:Odaily
Odaily News Fox Business reporter Eleanor Terrett wrote on X that in the latest development of the SECs lawsuit against Binance, the crypto industry has won a major victory in the clarity of secondary
market digital asset sales. Judge Amy Berman Jackson said, ... the governments reliance on the claim that crypto assets are a manifestation of investment contracts and its arguments at the hearing about the nature of technology, platform interdependence, and the performance of each token are not enough to put
BNBs secondary sales into the category of investment contracts alone. In addition, the agreement is somewhat inconsistent with the single theory that the government has been advancing since the lawsuit was filed: We are not saying that these tokens are securities-we are talking about investment contracts. Earlier today, a federal judge dismissed part of the U.S. SECs lawsuit against Binance and its founder CZ, but allowed other charges to continue, including those against Binance.US. Late on Friday, District Court Judge Amy Berman Jackson of the District Court for the District of Columbia ruled that the SECs ICO, BNB, BNB Vault, pledge services, unregistered and fraud charges against Binance can continue. She granted Binance and CZ’s motion to dismiss charges related to secondary BNB sales and Simple Earn.
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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