The SEC plans to amend its complaint against Binance, withdrawing allegations that several tokens are securities but adding new claims related to third-party crypto asset securities.
Points
- SEC amends complaint against Binance, removing certain token allegations.
- New claims to focus on third-party crypto asset securities.
- Mixed reactions from the crypto industry on SEC’s actions.
SEC’s Revised Complaint Against Binance
The U.S. Securities and Exchange Commission （SEC） is amending its complaint against Binance, withdrawing allegations that several tokens, including Solana （SOL）, Polygon （MATIC）, and Cardano （ADA）, are securities. However, the SEC plans to add new claims related to third-party crypto asset securities.
Industry Reactions
The crypto industry has responded with mixed feelings to the SEC’s decision. Tyler Winklevoss, co-founder of Gemini, sees it as a positive step that could free certain tokens from stringent SEC regulations. Conversely, Ripple CEO Brad Garlinghouse views it as evidence of the SEC’s inconsistent regulatory actions.
Tyler Winklevoss@tyler: “All of a sudden the @SECGov is no longer trying to classify 10 tokens (SOL, ADA, MATIC, FIL, ATOM, SAND, MANA, ALGO, AXS and COTI) as securities. They’re amending their case against @BinanceUS to remove this allegation so the court won’t rule on it. Thank you @realDonaldTrump.”
Matthew Sigel, head of digital assets at VanEck, suggests this development might positively influence the approval of a Solana ETF. Meanwhile, Garlinghouse criticizes the SEC’s approach, calling it hypocritical and inconsistent.
Brad Garlinghouse@bgarlinghouse: “More evidence of SEC hypocrisy. Chair Gensler testifies the rules are clear, yet his SEC can’t figure them out and applies them haphazardly, festering more industry confusion.”
Future Implications
The revised complaint indicates the SEC’s continued scrutiny of Binance and its operations. By focusing on third-party crypto asset securities, the SEC aims to address broader issues within the crypto industry. This move highlights the ongoing regulatory challenges faced by crypto exchanges and the need for clear, consistent guidelines.
解説
- SEC’s Regulatory Actions: The SEC’s amendment of its complaint against Binance reflects the complexities and evolving nature of crypto regulation.
- Industry Impact: Reactions from industry leaders highlight differing perspectives on the SEC’s approach and its implications for the crypto market.
- Regulatory Challenges: The ongoing scrutiny of crypto exchanges underscores the importance of establishing clear and consistent regulatory frameworks to foster market stability and investor confidence.