A U.S. court has ruled that the SEC cannot classify Binance's secondary sales of BNB tokens as securities. The decision cited a 2023 ruling from the Ripple Labs case, stating that secondary market sales must be assessed based on each transaction's specific details and economic reality. This ruling could impact similar cases involving other exchanges like Kraken and Coinbase. However, the court allowed the SEC to continue investigating Binance's staking program, ICO sales, and potential fraud.

Source: [0x资讯](https://0xzx.com/2024063008044577335.html)