The U.S. District Court for the District of Columbia ruled that the SEC’s sales of BNB in the secondary market by Binance were not securities transactions, which is a decisive victory for the industry!
This ruling is of great significance to Binance and the entire cryptocurrency industry. First, the sale of BNB in the secondary market has been legalized, which will undoubtedly bring great market confidence and growth potential to Binance. Second, this ruling also provides an important legal reference for other cryptocurrency exchanges, which may promote the standardization of the entire industry. In addition, it is worth mentioning that Judge Torres's view in the Ripple case that the sale of XRP on exchanges is not a securities act has been recognized again, which undoubtedly brings new hope to the entire cryptocurrency industry.
This ruling is an important milestone in the cryptocurrency industry and is good news for both investors and practitioners. #BTC#BNB#RXP
