A U.S. judge has rejected the U.S. SEC's claim that BNB tokens are securities
According to Fox Business reporter Eleanor Terrett, U.S. District Judge Amy Berman Jackson has just rejected the U.S. SEC's claim that the secondary sale of Coin's BNB tokens qualifies as a security under the Howey test, citing Ripple's Judge Analisa Torres' view that the economic realities of trading in tokens matter when applying the Howey test, quoting Ripple judge Analisa Torres, who said that the economic reality of the token transaction matters when applying the Howey test.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Benchmark analyst reiterates "Buy" rating on Japanese crypto company Metaplanet

GAIN official: Investigating issues related to abnormal token over-issuance
Data: 10 addresses received a total of 210,000 ETH within 6 hours, worth approximately $863 millions.