❗️🇺🇸 The SEC "regrets any confusion it may have caused by incorrectly and repeatedly referring to tokens as securities" (from the lawsuit against Binance)
The Securities and Exchange Commission has pledged to "avoid using this term in the future."
When the SEC refers to "crypto asset securities," it does not mean the token itself, but rather the "full set of contracts and agreements regarding the sale of these assets."
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7September 13, 2024 1.4K