US District Court Judge Amy Berman Jackson allowed the US Securities and Exchange Commission (SEC) to file a lawsuit against Binance. However, Jackson also denied certain accusations in the case. The SEC accuses Binance of providing unregistered brokerage, trading and clearing services for digital asset securities in the United States. The court upheld Binance's initial coin offering (ICO), charges related to ongoing sales for BNB, BNB Vault and staking services, and allegations of non-registration and fraud. However, Jackson allowed Binance's move to deny the accusations regarding secondary sales of BNB and Simple Earn. The decision highlighted the evolving nature of tokens. Just because a token was initially considered part of an investment contract does not mean it retains that classification on an ongoing basis. Meanwhile, the US Treasury Department has moved forward with long-awaited tax regulations targeting cryptocurrency transactions. Under the new rules, crypto brokers, including exchanges and payment processors, now have to report users' sales and exchanges of digital assets to the Internal Revenue Service (IRS). This move, as part of the Infrastructure Investment and Jobs Act 2021, aims to combat tax evasion in the crypto space. The regulations will be phased in from next year for the 2026 tax season. These are expected to align crypto tax reporting with existing requirements for traditional financial instruments such as stocks and bonds. Adjustments were made from the original proposal to ease burdens on brokers and gradually introduce the requirements, Treasury officials said. Additionally, Treasury's final rule includes a provision establishing a $10,000 threshold for reporting transactions related to stablecoins.