🚨 BREAKING NEWS: Binance Triumphs Over the SEC! 🚨

**A Landmark Victory for Binance & the Crypto Community!**

A monumental ruling by the U.S. federal court has declared that cryptocurrencies, including Binance's BNB token, are **NOT** securities. This historic decision is a game-changer for Binance and the entire crypto industry, potentially reshaping the landscape of ongoing legal battles.

#### ⚖️ **Key Highlights of the Court Ruling** ⚖️
- **Judicial Decision**: Judge Amy Berman Jackson of the U.S. District Court for the District of Columbia ruled that cryptocurrencies and secondary sales of BNB do not qualify as securities offerings, dismissing several SEC claims.
- **Howey Test Analysis**: The court determined that the SEC failed to prove that secondary market purchasers of BNB had an expectation of profit, a crucial element of the Howey test.
- **Legal Precedent**: The ruling criticized the SEC's approach, emphasizing the importance of the context of each transaction rather than the nature of cryptocurrencies themselves.

#### 🏆 **A Significant Win for Binance and the Crypto Industry** 🏆

This ruling is a major victory for Binance.US and the broader crypto industry, which has faced increased scrutiny from the SEC. The regulator's aggressive stance, especially post-FTX collapse, aimed to prevent similar incidents but risked stifling innovation.

**Implications for Ripple**: This decision could positively influence other legal battles, such as the ongoing SEC vs. Ripple lawsuit, by setting a precedent that cryptocurrencies themselves are not securities.

### 🚀 The Future is Bright for Crypto! 🚀

Stay tuned for more updates and join the celebration with us at Binance!

#CryptoVictory #SECvsCrypto #CryptoRevolution #InnovationUnleashed #US_Inflation_Easing_Alert

Top 15 largest fines imposed by US regulators on cryptocurrency companies
The largest fine belongs to cryptolending platform Celsius Network, which will likely be unable to pay due to bankruptcy

#SECvsCrypto

**Breaking News:** 📈 Bloomberg ETF analyst Eric Balchunas reveals that 90% of existing ETF products operate through spot redemption, with only 10% using cash redemption. The SEC reportedly encourages BTC spot ETF applicants to opt for cash redemption to minimize intermediaries accessing Bitcoin due to concerns about money laundering. Balchunas suggests this aligns with the SEC's desire for a closed system. #ETFs #SECvsCrypto 📄💼

JUST IN: 🇺🇸 SEC holds meeting with Fidelity to discuss its Spot Bitcoin ETF.
Will #BTC gets a new alth before the years ends ? Let’s see how it goes . Trade cautiously. Thanks for reading #BTC #AltcoinsRising #SECvsCrypto #Spot.Bitcoin.ETF

SEC sets deadline for filing updated spot bitcoin-ETF filings

The U.S. Securities and Exchange Commission (SEC) has notified (https://incrypted.com/sec-ustanovila-krajnij-srok-podachi-obnovlennyh-zayavok-na-spotovyj-bitkoin-etf/) applicants to launch spot bitcoin ETFs that they need to amend their applications by December 29, 2023.

If the companies fail to meet the designated deadline, they will lose the opportunity to seek SEC approval in early January, the report said.

#SECvsCrypto #ETFApproval2024 #ETFBitcoin #ETFRally

BREAKING 🚨 #BITCOIN ETF

GRAYSCALE ACCEPTS SEC 🇺🇲 CONDITIONS

Grayscale filed an amendment to it’s spot #Bitcoin ETF with the SEC to do cash creates to match the other applicants . #SECvsCrypto #BTC @crypto_MOJ news $BTC

Суд обязал Ripple предоставить финансовые документы по запросу SEC

Суд обязал Ripple предоставить дополнительную информацию о финансовом положении, чтобы определить размер возможных санкций. Компания должна раскрыть отчетность и контракты за 2022-2023 годы по реализации токенов институционалам, а также ответить на запросы о соответствующих доходах

В ходе слушаний представители Ripple пытались доказать, что финансовое положение фирмы не имеет значения для рассматриваемых вопросов. Суд не не увидел проблем в раскрытии «легкодоступных данных». Инстанция также согласилась с доводами SEC, что запрашиваемая информация важна для вынесения справедливого решения.

Напомним, адвокат Джереми Хоган допустил, что дело против Ripple может завершиться только в 2027 году.
#Ripple #secNews #SEC #SECvsCrypto #XRPUSDT

📑 The SEC was flooded with "bitcoin applications"
In November, a record number of BTC-related documents were filed with the commission - 1,074. This is 35% more than in the same month last year and three times more than the previous high in May of this year.

💬 According to analyst Rebecca Stevens, the growth in bitcoin-related applications is not only a sign of the wider adoption of digital currencies, but also an indicator that companies are interested in the hype around ETFs.

#SECLawyers #SECvsCrypto

🚨 Legal Showdown: SEC vs Coinbase Update! 🏛️💼

🔍 Background: The Battle for Cryptocurrency Classification

In a recent hearing, United States Judge Katherine Polk Failla cross-examined the SEC in its legal tussle with Coinbase. The SEC accuses Coinbase of deviating from the original Howey Test, a claim vehemently denied by the cryptocurrency exchange. The key contention revolves around the classification of tokens as securities.

💡 Judge Failla Demands Clarity on Securities and Staking

During the hearing, Judge Failla expressed dissatisfaction with the SEC's statements and urged the regulator to provide clearer definitions of terms such as "securities" and "staking." The SEC, in turn, criticized Coinbase, claiming that the exchange is crafting a "new version of the Howey Test."

📉 SEC's Warning and Coinbase's Defense

The SEC lawyer cautioned Coinbase against reinterpreting the Howey Test, stating that it would undermine the carefully constructed regulatory structure created in 1934. Coinbase, however, refuted the SEC's accusations, asserting that it had not reinterpreted the test. The legal teams clashed over whether Coinbase was stretching or adhering to the original Howey Test.

👩‍⚖️ Judge Failla's Consideration of Previous Rulings

Judge Failla drew on insights from Judge Jed Rakoff and Judge Analisa Torres' rulings on LBRY and XRP, respectively. Notably, Judge Torres concluded that XRP itself is not a security. Bill Morgan, an XRP advocate, sees this as a pivotal moment, suggesting that cryptocurrencies might be recognized as non-securities in the U.S.

🌐 The Future of Crypto Regulation: What's at Stake?

The legal battle signifies a crucial juncture in defining the regulatory landscape for cryptocurrencies. As Judge Failla seeks clarity, the outcome could shape the classification of tokens and set precedents for future regulations.

🌐 For real-time insights and news, follow The Blockopedia! 📰💻

#SECvsCrypto #SECvsRipple #SECvsCOINBASE #cryptocurrency #crypto2024

🔒 Cardano Founder Charles Hoskinson Criticizes SEC Bias: Charles Hoskinson, the founder of Cardano (ADA), alleges that the U.S. Securities and Exchange Commission (SEC) exhibits favoritism towards Bitcoin (BTC) and Ethereum (ETH) and treats other cryptocurrencies unfairly due to the absence of clear regulatory guidelines. 🇺🇸💼 #SECvsCrypto