Fox Business reporter: The crypto industry has achieved a significant victory in the clarity of secondary market digital asset sales
ChainCatcher news, Fox Business reporter Eleanor Terrett posted on X that in the latest developments of the SEC lawsuit against Binance, the crypto industry has achieved a significant victory in terms of clarity regarding the sale of digital assets in the secondary market.Judge Amy Berman Jackson stated, "......the government's reliance on the assertion that 'crypto assets are manifestations of investment contracts,' as well as its arguments during the hearing regarding the technical nature, platform interdependence, and the performance of each token, are insufficient to categorically include the secondary sale of BNB within the scope of investment contracts.Moreover, this agreement is somewhat inconsistent with the singular theory that the government has been advancing since the filing of the lawsuit: we are not saying these tokens are securities—what we are discussing is investment contracts."Earlier today, it was reported that a federal judge dismissed part of the SEC's lawsuit against Binance and its founder CZ, but allowed other charges to proceed, including those against Binance.US.Later on Friday, Judge Amy Berman Jackson of the U.S. District Court for the District of Columbia ruled that the SEC's claims against Binance regarding its ICO, BNB, BNB Vault, staking services, and unregistered and fraudulent charges can continue. She granted the motions of Binance and CZ, dismissing the charges related to secondary BNB sales and Simple Earn.