A court has dismissed the SEC’s charges against Binance

The U.S. District Court for the District of Columbia dismissed the SEC’s allegations that Binance’s BNB tokens are investment contracts.

The District Court for the District of Columbia dismissed the SEC’s allegations that Binance’s BNB tokens are investment contracts.

The SEC claimed that if BNB were initially sold as investment contracts, all subsequent sales should also be considered securities transactions.

However, Judge Amy Berman Jackson ruled that this assertion is incorrect, as it fails to consider the specific details and context of each transaction on the secondary market.