Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»ETHEREUM NEWS»SEC ‘regrets’ confusion caused by stating some tokens are securities
ETHEREUM NEWS

SEC ‘regrets’ confusion caused by stating some tokens are securities

By Crypto FlexsSeptember 17, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
SEC ‘regrets’ confusion caused by stating some tokens are securities
Share
Facebook Twitter LinkedIn Pinterest Email

The U.S. Securities and Exchange Commission (SEC) has amended its complaint against Binance in Washington, D.C., by introducing procedural updates and legal amendments to the original filing.

The amendments approved this morning include a motion under Rule 15(a)(2) of the Civil Procedure Rules, along with a memorandum explaining the changes, a revised complaint proposal, and a redlined version highlighting the changes.

Paul Grewal, Coinbase’s chief legal officer, commented on the SEC’s amended complaint on social media. He highlighted footnote 6 of the amended complaint, saying, “The SEC regrets the confusion caused by repeatedly falsely stating that the tokens themselves are securities.” He questioned the SEC’s longstanding position, saying:

“It is clear from the SEC’s long track record of regulation through enforcement campaigns that it absolutely ‘maintains’ that tokens themselves are securities. Why mislead the courts?”

Grewal shared portions of the complaint that clearly outline what the SEC regrets.

SEC Complaint Against Binance (Paul Grewal, Coinbase)

Grewal also commented on the SEC’s approach to Ethereum (ETH) transactions, noting a lack of clarity on how ETH transactions meaningfully change compared to other digital assets the agency is reviewing.

He said this.

“Somehow the ETH transactions managed to escape the agency’s grasp in a meaningful way that Ten Crypto Assets did not. How? That’s for the SEC to figure out, the rest of us only have to find out when we get sued.”

As per the amended complaint, this filing references additional documents, including an order denying Defendants’ motion to dismiss in the related case, SEC v. Payward, Inc. (Kraken). Procedural deadlines have been set, with Binance and co-defendants having until October 11 to respond by opposing the SEC’s motion or filing a notice of motion.

Legal analysts suggest that the SEC’s proposed changes could be an attempt to bolster its position amid criticism over regulatory clarity. The agency has faced ongoing scrutiny from industry participants who claim enforcement actions lack transparent guidance on what constitutes a security in cryptocurrencies.

Binance has been under regulatory pressure from the SEC, which claims the platform operates an unregistered securities exchange and misled investors. The exchange has consistently denied these claims, insisting on its commitment to compliance and cooperation with regulators.

The deadline for Binance and its co-defendants to respond to the SEC’s amended complaint sets the stage for a serious legal battle ahead of the U.S. elections, and as cryptocurrency regulation becomes increasingly important.

There is a growing demand for regulatory clarity across the industry, with many calling for definitive guidelines rather than enforcement measures as the primary means of regulation.

What’s mentioned in this article
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Checkpoint #4: Berlinterop | Ether Leeum Foundation Blog

June 28, 2025

Crypto Scam Markets thrives again after attempting to clean up Telegram.

June 24, 2025

Bitcoin is more than $ 104K as the merchant’s eyes move from H2 to $ 145,000.

June 20, 2025
Add A Comment

Comments are closed.

Recent Posts

Checkpoint #4: Berlinterop | Ether Leeum Foundation Blog

June 28, 2025

TRON Price Propects USDT supply exceeded $ 80 billion

June 28, 2025

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025

No Altcoin Season 2025 ? Why Bitcoin Dominance Is Holding Strong In The Crypto Market

June 28, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Safe smart account audit summary

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

Bybit Expands Global Reach With Credit Card Crypto Purchases In 25+ Currencies And Cashback Rewards

June 27, 2025

BYDFi Joins Seoul Meta Week 2025, Advancing Web3 Vision And South Korea Strategy

June 27, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Checkpoint #4: Berlinterop | Ether Leeum Foundation Blog

June 28, 2025

TRON Price Propects USDT supply exceeded $ 80 billion

June 28, 2025

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025
Most Popular

HashKey Adds AVA and LINK Trading for Hong Kong Retail Investors

August 28, 2024

Galaxy Digital Acquires Assets of Blockchain Node Operator CryptoManufaktur

July 20, 2024

Animoca Brands Japan Appoints New COO to Drive Web3 Expansion

February 1, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.