
BNB, BUSD ‘not securities’ – Binance rejects SEC’s security labels
BNB market cap crashed by around $4 billion despite Binance insistence that the token is not a security.
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BNB market cap crashed by around $4 billion despite Binance insistence that the token is not a security.

US SEC lawsuit against Binance appears to have united the industry, with several stakeholders supporting the embattled exchange.

A market wide sell-off triggered by regulatory enforcement action against Binance sees crypto markets sink 4.7%.

The SEC identified assets and services that it considers securities in its complaint. It also highlighted Binance's unauthorized access to the U.S. market.

Genesis now has until August 2 to file its Chapter 11 recovery plan.

Sun expressed support for CZ while Hoskinson warned of wider regulatory action.

Binance said its size made it an easy target, and it is now "caught in the middle of a U.S. regulatory tug-of-war."

Traders have been ditching BTC and ETH, as increased regulatory pressure in the U.S. pushes them toward Tether's USDT.

FTX also complained that Genesis excluded it from discussions of its recovery plan.




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