SEC intends to temporarily defer consideration of whether some tokens are securities in case against Binance

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

Making these changes will allow the SEC to temporarily put this issue aside and focus on other aspects of the case. 

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

The document does not explicitly say that the SEC is no longer going 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 may change the definition of these assets.

Interesting development in the SEC's case against Binance regarding the classification of certain tokens as securities. This could potentially have a significant impact on the crypto market.