SEC Modifies Lawsuit Against Binance, Removes Solana’s Proof as a Securities

Bittime - The US SEC revealed that it had modified the lawsuit against Binance and no longer lists Solana and several other tokens as securities. Read this article to find out more!

SEC Lawsuit Against Binance

AInitially, the SEC filed a lawsuit against Binance claiming that a number of tokens traded on the platform were unregistered securities. 

One of which is Solana (SOL), which is one of the most popular cryptocurrencies and has a high market capitalization. 

This lawsuit requires Binance to comply with various strict regulations that apply to securities, which it certainly can influence Binance business operations.

Changes in SEC Lawsuit Against Binance 

However, the SEC has decided to change some aspects of the lawsuit. The SEC is no longer trying to prove that tokens like Solana are securities. 

These changes are reflected in recent court documents filed by the SEC. This decision is not only a relief for Binance, but also for the crypto market as a whole, which has been under increasing regulatory pressure in recent years.

Impact on Crypto Markets

This SEC move has far-reaching implications for the crypto industry. Recognition that certain tokens, including Solana, are not securities may provide further clarity for investors and other market participants. This can also reduce regulatory uncertainty which often hinders growth and innovation in this industry.

Reaction from the crypto community to this change has also been largely positive. Many see this as a sign that regulators are starting to understand the complexity and unique nature of digital assets.

How to Buy Crypto with Bittime

You can buy and sell crypto assets in an easy and safe way via Bittime. over is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. 

Monitor graphic movement price Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.