In a footnote to its amended complaint against Binance, the SEC said that when the term "crypto-asset securities" is referred to, it does not refer to the crypto assets themselves, but to the set of contracts, expectations and understandings by which those assets are sold. In fact, the SEC only uses the term as a "shorthand".
The SEC also claimed that it had held that position and noted that a similar posting script had been used in the Telegram case. However, to clarify matters, the agency said it would avoid using the shorthand in future cases against Binance and "regrets any confusion".
SEC: The term "crypto-asset securities" does not mean that the tokens themselves are securities
2024-09-13 15:32:46
Sec binance proposal amendment pleadings footnote indicated in mentioneddesk3cryptocurrencydesktopCrypto News
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