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The post Binance’s Epic Win Over SEC: Ripple Case Now in the Spotlight appeared first on Coinpedia Fintech News
In a significant ruling for Binance, the US District Court for the District of Columbia dismissed huge claims made by the SEC against Binance. Headed by the chairperson Gary Gensler, the SEC filed a legal lawsuit against Binance in June 2023, alleging the exchange sold unregistered securities and operated illegally in the U.S. 
Judge’s Ruling Echoes Ripple’s Long-Awaited Victory
The decision of Columbia court was highly influenced by Judge Torres’ ruling in the SEC vs. Ripple case. In July 2023, Judge Torres determined that the XRP token sale by Ripple on the secondary trading platforms were not offers of investment contracts. This reasoning was the key in dismissing the SEC’s claim that crypto tokens are investment contracts. Both the cases emphasized on the nature of transactions over the tokens themselves.
BUSD Stablecoin and Remaining Challenges
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