The SEC plans to amend its complaint against Binance, potentially avoiding the need for a court ruling on whether certain tokens are securities.
This move aligns with presidential candidates’ efforts to attract pro-crypto voters. In a July 30 filing, the SEC notified Binance and its founder, Changpeng Zhao, about the amendment, specifically regarding ‘Third Party Crypto Asset Securities.
This shift from the SEC’s earlier stance in November, where it claimed several tokens offered by Binance were securities, aims to prevent a court ruling on these tokens for now.
The debate over these tokens intensified in a July 9 hearing. Political strategies also influence US attitudes towards crypto, with Donald Trump promising to end regulatory constraints and Democratic lawmakers advocating for a progressive stance on digital assets.
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