This is today's good news:
SEC's charges related to BNB's secondary market sales were dismissed, which greatly clarified the nature of crypto secondary market transactions
In the lawsuit between Binance and the SEC, the judge cited Judge Analisa Torres's ruling in the SEC's lawsuit against Ripple Labs in 2016, and approved Binance's motion to dismiss the claim for secondary market BNB sales, saying that the economic reality of token trading is crucial to the application of securities law, and the SEC's claims are not enough to include BNB's secondary sales in the scope of investment contracts alone.
FOX Business reporter Eleanor Terrett posted on social media that this case greatly improved the clarity of secondary market sales of crypto assets. Lawyers from Coinbase, Consensys and Kraken can all cite this ruling in the case to consolidate their positions in the lawsuit.
To put it simply, BNB was previously defined as a security like ETH, and if it is not handled properly, it will be treated as a securities transaction, which is equivalent to Binance manipulating the rise of BNB!
The good news of this ruling is that the sale of tokens in the secondary market, including exchanges, is likely to no longer be regarded as a securities act, but may be regarded as an investment contract.
The content is a bit mixed, just know that it is good for BNB!
