The SEC has changed its lawsuit against Binance and has delisted Solana from the cryptocurrencies it claimed to be securities. This decision comes after a court declared that secondary sales of Binance's BNB token did not fall under securities.
On the 30th of July, the SEC filed a joint status report with the United States District Court for the District of Columbia concerning the Binance lawsuit in communications of the amendments. The changes proposed concern the third-party crypto asset securities, which became the subject of the original lawsuit.
The SEC's latest submission came after a decision where Judge Amy Bberman Jackson declined to classify Binance's BNB token as securities. According to the filing, the SEC maintained that the court has no obligation to decide to justify the allegations on the tokens. The regulators also said that the parties filed a signed notice of appearance and agreed concerning the proposed briefing schedule on the motion to amend the proceedings with the related forms.
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