Golden Finance reported that Binance's blog stated that in a ruling by a U.S. federal court, Judge Amy Berman Jackson rejected several key claims of the U.S. Securities and Exchange Commission (SEC), including the claim that crypto tokens themselves are securities. The court ruled that the SEC failed to allege facts indicating that the sale of BNB tokens by cryptocurrency exchanges on the secondary market was a securities transaction. The court also rejected the SEC's argument that Binance's fiat-backed stablecoin BUSD was an investment contract. While part of the SEC's lawsuit was dismissed, the court currently allows part of the lawsuit to proceed. However, we expect the SEC to face significant challenges in proving these lawsuits.