In a major victory for the crypto industry, a US federal court has ruled that cryptocurrencies and secondary sales of Binance Coin (BNB) are not securities. The judge dismissed several claims by the Securities and Exchange Commission (SEC), stating that the SEC failed to prove that purchasers acquired BNB with an expectation of profits. The ruling could have positive implications for other ongoing legal battles, such as the Ripple vs SEC lawsuit. This comes as a relief for investors, as the SEC had previously classified 68 cryptocurrencies as securities. The next court hearing for the Binance.US vs SEC case is scheduled for July 9.