Big news!! Just saw that this is the real good news. Although it has not yet been reflected in the price, it is a near-decisive victory for the industry. Today, the U.S. District Court for the District of Columbia ruled that the SEC denied that @binance’s sale of $BNB in ​​the secondary market was a security, and this case can also be applied to Ripple.

In plain words, the sale of#BNBin ​​the secondary market is no longer defined as a security, and Judge Torres’s view in the Ripple case that the sale of $XRP on the exchange is not a security is also recognized again.

PS: Ripple still did not win the lawsuit against the SEC, but only dismissed part of the lawsuit.

Secondly, the SEC’s lawsuit that BUSD is a security and the claim for compensation was also dismissed, and the claim for simple money earning was also dismissed.

The good thing about this ruling is that the sale of tokens in the secondary market, including exchanges, is likely to no longer be regarded as a security, but may be regarded as an investment contract.

File: 23-cv-01599-ABJ-ZMF