$BNB
💥 SEC strikes hard!
🔥Binance token listing process faces strict scrutiny, BNB and Simple Earn projects become regulatory focus
The US SEC intends to strengthen the review of Binance's listing transactions
1. SEC proposes a proposed revised indictment
The US Securities and Exchange Commission (SEC) has formally submitted a proposed revised indictment against Binance, targeting its token listing process. This move marks that the SEC has further strengthened its supervision of the cryptocurrency market.
2. SEC focuses on two core issues
In the proposed document, the SEC clearly pointed out two key issues: one is the secondary market sales of BNB (Binance Coin), and the other is the Binance Simple Earn project. The SEC accused Binance of engaging in unregistered securities sales in both aspects.
3. BNB is accused of being an unregistered security
The SEC pointed out that BNB, as a trading platform token, was promoted to investors on the Binance platform and advertised its potential returns. Binance helps increase the value of BNB through the growth of the platform, the increase in BNB demand and price, as well as the destruction of BNB and the support of projects using BNB, which constitutes an unregistered sale of securities.
IV. Simple Earn Project and Related Digital Assets
In addition, the SEC also listed in detail the 10 digital assets involved in the Binance Simple Earn project, including SOL, ADA, MATIC, FIL, ATOM, SAND, MANA, ALGO, AXS and COTI. The way these assets operate in the Simple Earn project has also been questioned by the SEC as unregistered securities sales.
The SEC's proposed revised indictment against Binance focuses on a strict review of its token listing process, especially the secondary market sales of BNB and the Binance Simple Earn project.
This move will undoubtedly have a far-reaching impact on Binance and the entire cryptocurrency market.
Click @0x YU小鱼 👈🏻 to follow, unlock the future vision, get the latest news, and walk with Xiaotian Dog to master the first-hand insights and exclusive analysis of the cryptocurrency market!
