Binance Despite Judge Dismissing Major SEC Allegations Partial Lawsuits Permitted to Proceed in Court

In a recent court ruling in the United States federal court, Judge Amy Berman Jackson dismissed several key claims by the Securities and Exchange Commission (SEC), including the assertion that cryptocurrencies themselves are securities. The court ruled that the SEC failed to demonstrate that the sale of BNB tokens by cryptocurrency exchanges on secondary markets constitutes securities transactions. Additionally, the court rejected the SEC’s argument that Binance’s stablecoin BUSD qualifies as an investment contract.