Coin Edition -
- Judge Jackson’s ruling to dismiss the SEC’s claims against BNB’s secondary sale has clarified the secondary sale of crypto assets.
- The ruling hints at the potential victory for exchanges like Kraken and Consensys against the SEC.
- Scott Johnsson acknowledges the ruling as a “big loss” for the SEC.
In a significant legal victory for Binance, a federal judge has ruled that secondary market sales of its BNB token do not constitute securities. The decision could have far-reaching implications for the regulatory landscape surrounding cryptocurrencies and their trading.
Fox Business journalist Eleanor Terrett, in her post on X (formerly Twitter), highlighted the significance of Judge Jackson’s ruling as a “big win” for the crypto industry.