The SEC proposed stricter scrutiny of Binance's token listing process in its proposed amendment complaint

2024-09-17 12:59:24

Collection

ChainCatcher news, according to CoinDesk, the U.S. Securities and Exchange Commission (SEC) submitted a proposed amended complaint against Binance on Thursday, focusing on Binance's token listing process. The SEC's proposed documents highlight two issues, the secondary sale of BNB and Binance Simple Earn, accusing Binance of acting as an unregistered securities provider.

The documents submitted by the SEC emphasize the allegation that "BNB is a token issued and sold as a security." According to the documents, BNB is offered and sold as a trading platform token. The SEC claims that Binance's BNB burn and its support for projects using BNB are also aimed at helping the token appreciate in value.

The documents also involve similar additional details regarding Binance Simple Earn and 10 digital assets (SOL, ADA, MATIC, FIL, ATOM, SAND, MANA, ALGO, AXS, and COTI), which are allegedly sold as unregistered securities on the Binance platform.

(Source Link)

Related tags

Binance US SEC BNB

ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.