CryptoMediaClub
Saturday, July 5, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home All news

U.S. Court Doesn’t Recognize BNB and BUSD as Securities

03.07.2024
A A
0
124
VIEWS
ShareShare

In a landmark decision for the crypto industry, a U.S. federal court ruled that BNB and BUSD tokens aren’t investment contracts, and their secondary sales don’t qualify as securities transactions.

U.S. Court Rules BNB and BUSD Not Securities

Under the chairmanship of Judge Amy Berman Jackson, the U.S. District Court for the District of Columbia dismissed multiple lawsuits filed by the Securities and Exchange Commission (SEC) against Binance.US. Specifically, the court determined that BNB isn’t a security, and transactions involving the token don’t fall under the SEC’s regulatory purview.

Judge Berman Jackson stated that the SEC failed to provide sufficient evidence that purchasers on the secondary market acquired BNB with an expectation of profits, a key criterion under the Howey Test for defining an investment contract. The judge also criticized the SEC for attempting to confuse the court, disregarding existing precedents.

The court addressed BUSD, noting that it can’t be classified as a security because transactions involving it don’t constitute investment contracts. The presiding judge emphasized that the federal court relied on the U.S. Department of Justice’s opinion, which doesn’t recognize stablecoins as securities.

Thus, the court’s decision sets a significant precedent for the entire crypto industry, asserting that cryptocurrencies aren’t securities and don’t fall under the jurisdiction of the SEC. Essentially, for the regulator to establish its authority, it’ll now have to base its arguments on the circumstances of each individual transaction, rather than on the mere issuance of cryptocurrencies.

Despite rejecting the SEC’s claims regarding BNB, the court didn’t fully dismiss the regulator’s case against Binance.US. Specifically, the court is prepared to hear the SEC’s arguments regarding direct sales of BNB, which the SEC considers securities transactions. The next court hearing on the matter is scheduled for July 9. Representatives of Binance.US expressed readiness for a prolonged legal process.

Following the FTX collapse, the SEC began actively pursuing crypto exchanges, filing lawsuits against Binance, Coinbase, Kraken, and others.

Сообщение U.S. Court Doesn’t Recognize BNB and BUSD as Securities появились сначала на CoinsPaid Media.

Share10Tweet6ShareSharePin2

Related Posts

Solana Price Prediction – Institutional Investor Includes Solana in $100 Million Strategic Fund: Is Wall Street Warming Up to SOL?
All news

Solana Price Prediction – Institutional Investor Includes Solana in $100 Million Strategic Fund: Is Wall Street Warming Up to SOL?

04.07.2025
0

A subsidiary of the Amber Group, a publicly traded U.S. company specializing in digital assets, raised additional capital this week...

Read moreDetails
Macro Meets Crypto: Predicting Prices with CPI, Fed Rates & BTC Dominance

Macro Meets Crypto: Predicting Prices with CPI, Fed Rates & BTC Dominance

04.07.2025
Early Bitcoin Buyer Turns $7,800 into $1 Billion – Here’s What Happened

Early Bitcoin Buyer Turns $7,800 into $1 Billion – Here’s What Happened

04.07.2025
Bitcoin Price Prediction – Senator Lummis Pushes Tax-Free BTC Spending Bill: Is This the First Step Toward Mass Adoption?

Bitcoin Price Prediction – Senator Lummis Pushes Tax-Free BTC Spending Bill: Is This the First Step Toward Mass Adoption?

04.07.2025
Chinese Tech Giants Plan to Issue Yuan-Pegged Stablecoins

Chinese Tech Giants Plan to Issue Yuan-Pegged Stablecoins

04.07.2025
Load More
Next Post
Whale Sells 10 Billion PEPE: Price Prediction as PEPE Plummets 8%

Whale Sells 10 Billion PEPE: Price Prediction as PEPE Plummets 8%

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

Flatcoiners should take a cue from TerraUSD’s fate

Flatcoiners should take a cue from TerraUSD’s fate

2 years ago
Accounting rule modifications have turned Bitcoin from dangerous enterprise to company must-have – Bitwise

Accounting rule modifications have turned Bitcoin from dangerous enterprise to company must-have – Bitwise

6 months ago
Eric Trump-Backed American Bitcoin to Purchase BTC Mining Equipment, Raises $220M

Eric Trump-Backed American Bitcoin to Purchase BTC Mining Equipment, Raises $220M

4 days ago
Montenegro Confirms Accomplished Extradition of Do Kwon on Tuesday

Montenegro Confirms Accomplished Extradition of Do Kwon on Tuesday

6 months ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

Dormant Bitcoin holder moves $2 billion BTC from 2011 for potential 14,000,000% gain

Early Bitcoin Buyer Turns $7,800 into $1 Billion – Here’s What Happened

Why a handful of altcoins are surging over 30% as Bitcoin trends sideways

Bitcoin Price Prediction – Senator Lummis Pushes Tax-Free BTC Spending Bill: Is This the First Step Toward Mass Adoption?

Polymarket bettors forecast 75% chance Bitcoin reaches $120k in 2025 as prediction volume jumps 30%

Chinese Tech Giants Plan to Issue Yuan-Pegged Stablecoins

Trending

XRP Ledger logs 34% in RWA monthly growth, eyes bigger boost from Mercado Bitcoin partnership
Analysis

XRP Ledger logs 34% in RWA monthly growth, eyes bigger boost from Mercado Bitcoin partnership

04.07.2025
0

XRP Ledger posted the second-largest 30-day increase in tokenized real-world assets (RWA), adding 34.6% to reach $157.4...

Solana Price Prediction – Institutional Investor Includes Solana in $100 Million Strategic Fund: Is Wall Street Warming Up to SOL?

Solana Price Prediction – Institutional Investor Includes Solana in $100 Million Strategic Fund: Is Wall Street Warming Up to SOL?

04.07.2025
Macro Meets Crypto: Predicting Prices with CPI, Fed Rates & BTC Dominance

Macro Meets Crypto: Predicting Prices with CPI, Fed Rates & BTC Dominance

04.07.2025
Dormant Bitcoin holder moves $2 billion BTC from 2011 for potential 14,000,000% gain

Dormant Bitcoin holder moves $2 billion BTC from 2011 for potential 14,000,000% gain

04.07.2025
Early Bitcoin Buyer Turns $7,800 into $1 Billion – Here’s What Happened

Early Bitcoin Buyer Turns $7,800 into $1 Billion – Here’s What Happened

04.07.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz