Techub News reported that according to The Block, the U.S. Securities and Exchange Commission (SEC) stated in a footnote in the revised complaint filed against Binance that when the term "crypto asset securities" is mentioned, it does not refer to the crypto assets themselves, but to a whole set of contracts, expectations and understandings when selling these assets. In fact, the SEC only uses this term as a "shorthand."

The SEC also claimed that it has always held this position and mentioned that there were similar supplementary explanations in the case against Telegram. However, in order to clarify the issue, the agency stated that it will avoid using this abbreviation in future cases against Binance and "regrets any confusion caused."