U.S. SEC: Mentioning so-called "crypto asset securities" does not mean that tokens are securities

ChainCatcher news, according to The Block, the U.S. Securities and Exchange Commission (SEC) has long been investigating cryptocurrency companies engaged in the trading of "crypto asset securities." However, now that the agency has explicitly used the term "securities," it claims not to imply that these tokens are indeed securities.

It is reported that the SEC stated in a footnote of its proposed amended complaint against the cryptocurrency exchange Binance that when the agency refers to crypto asset securities, it is not referring to the crypto assets themselves, but rather to the entire set of contracts, expectations, and understandings related to the sale of such assets, simply using the term as a "shorthand."

At the same time, the SEC also claims that it has always held this position and cited supplementary text in the case against Telegram. However, to clarify the facts, the SEC also stated that it will avoid using this shorthand in the case against Binance and expressed "regret for any confusion."