Renewed Legal Debate Over Cryptocurrency’s Status
In the ongoing SEC vs Binance case, Federal Judge Amy Berman Jackson is seeking the commission’s arguments to determine if digital assets should be classified as securities. Binance is set to engage in discussions, especially concerning staking and the definition of securities’ ‘duration’.
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In the ongoing SEC vs Binance case, Federal Judge Amy Berman Jackson is seeking the commission's arguments to determine if digital assets should be classified as securities. Binance is set to engage in discussions, especially concerning staking and the definition of securities' ‘duration'.
The judge made this decision as, in the initial stages of the legal proceedings, it might be necessary to determine whether Binance tokens (BNB, BUSD) fall under the category of securities. Historically, in similar legal battles, the commission has consistently argued for the judge, rather than a jury, to make this critical determination.
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