The SEC is trying to expand its lawsuit against Binance

In June 2024, the court partially agreed with Binance’s arguments and dismissed some of the SEC’s allegations related to the Simple Earn product and the sale of BNB. But the bulk of the allegations stood.

The SEC is now trying to improve its arguments to convince the court to consider the allegations that were dismissed.

The updated complaint provides additional details about Binance Simple Earn and 10 digital assets — SOL, ADA, MATIC, FIL, ATOM, SAND, MANA, ALGO, AXS, and COTI — that were sold as unregistered securities on the Binance platform.

The commission also took a closer look at the token listings on Binance. It alleges that Binance actively promoted these tokens to drive trading activity on the exchange.

In the proposed amended complaint, the SEC also replaced the term “crypto assets securities” with “crypto assets that were offered and sold as securities.”#Binance $BNB