In its case against Binance, the US Securities and Exchange Commission (SEC) sought a ruling from a court regarding the classification of some tokens as securities. However, the SEC has now withdrew this request.
In a document filed on July 30, the SEC asked to have its complaint about “Third Party Crypto Asset Securities” amended in response to the court’s minute order. According to the agency, this modification eliminates the necessity for a court decision regarding the categorization of these tokens at this time.
The SEC claims that this revision removes the requirement that the court make a decision on the suitability of the claims made about these tokens at this time. As a result, the agency is no longer asking a judge to rule on whether the disputed tokens are