SEC lost the case! The new cryptocurrency market pattern behind the BNB non-securities ruling, in-depth analysis is here🔥

Recently, a ruling from the U.S. District Court for the District of Columbia brought exciting news to the cryptocurrency industry: Judge Amy Bayman Jackson announced that the secondary sale of cryptocurrency and its representative token BNB did not constitute a securities offering.

This decision not only won Binance a crucial legal battle, but also breathed new life into the entire cryptocurrency space.

We need to understand what the Howey test is.

The Howey test is a legal framework established by the U.S. Supreme Court for determining whether a transaction constitutes a securities offering.

In this ruling, the judge explicitly rejected several charges from the U.S. Securities and Exchange Commission (SEC), believing that the SEC failed to adequately prove that in the secondary market sales of BNB, buyers were mainly trading out of profit expectations rather than for other purposes, which did not meet the key criteria for investment contracts defined by the Howey Test.

Let’s take a look at the impact of this ruling on the cryptocurrency market.

The SEC has previously classified 68 cryptocurrencies, including BNB, as securities and filed lawsuits against Binance and Coinbase in June this year.

However, with Binance’s victory in court, the legitimacy of these allegations has been called into question.

It is worth noting that despite Binance’s legal victory, its dispute with the SEC has not been completely resolved.

Litigation between the two parties is ongoing, with the next court hearing scheduled for July 9.

We look at the impact of this ruling on global financial regulators.

Since the collapse of the FTX exchange, the SEC has stepped up its regulation of the cryptocurrency market in an effort to prevent a similar crisis from happening again.

However, its regulatory measures have also sparked widespread controversy, with critics accusing it of potentially stifling industry innovation.

Binance’s victory this time is undoubtedly a strong response to these doubts.

This ruling not only clarifies the legal status of the BNB token itself, but also the entire cryptocurrency industry.

It clarifies that cryptocurrency tokens should not be considered securities and therefore do not fall under the SEC's regulatory scope.

This decision not only brings more certainty to investors, but also paves the way for the future development of the cryptocurrency market.

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