Binance case latest developments: third-party token allegations may be re-examined

The U.S. Securities and Exchange Commission (SEC) case against Binance has made new progress

A federal judge said she would re-examine the SEC's ruling in the case against Binance and its affiliated entities (i.e. Binance.US and founder Zhao Changpeng) after lawyers for the world's largest cryptocurrency exchange said they interpreted the ruling in their favor. Judge Amy Berman Jackson said she would once again review Binance's September motion to dismiss and the SEC's November memorandum of opposition to examine arguments about third-party tokens. This means that whether the 10 digital assets (including SOL, ADA, MATIC, etc.) that the SEC originally accused constituted unregistered securities may need to be re-examined.

This development could have a significant impact on the Binance case

If the judge ultimately decides to remove third-party tokens from the case, Binance will not have to defend these tokens, which may reduce its legal burden. However, it is also possible that the SEC will successfully argue that these tokens should also fall within the scope of its allegations.

Other news worth watching

The Republican National Convention is taking place, but there have been no major developments on cryptocurrencies. Auto dealer software provider CDK Global was hit by a ransomware attack, rendering some dealers unable to operate. Boeing CEO apologizes for the company's release of information about Alaska Airlines Flight 1282. A Denver pastor has been accused of stealing investor funds from the cryptocurrency project he led, and the case is still under trial.

Here are some factors that may affect the future direction of Binance's case:

The judge's final ruling on the third-party token charges Additional evidence or arguments submitted by the SEC Binance's legal defense strategy

Investors should invest carefully and fully evaluate the relevant risks.