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SEC to Temporarily Put Off Whether Some Tokens Are Securities in Binance Case

The U.S. Securities and Exchange Commission (SEC) intends to seek leave to amend its complaint against Binance to avoid the need for an immediate court ruling on whether certain tokens are securities.

The amendment would allow the SEC to temporarily put off the issue and focus on other aspects of the case.

In essence, the court will not consider the legal status of certain tokens.

The document does not explicitly state that the SEC no longer intends to prove that these tokens are securities.

In the case against Binance, the SEC defined SOL, ADA, MATIC, FIL, ATOM, SAND, MANA, ALGO, AXS, and COTI as securities. This amendment could change the definition of these assets.