On July 30th, the US Securities and Exchange Commission (SEC) stated in documents submitted to the court that the SEC is requesting a modification to the motion regarding "third-party encrypted asset securities" in the lawsuit against Binance. The court does not currently need to make a ruling on the sufficiency of the charges against these tokens. Defendants in the case, Binance Holdings Limited, BAM Trading Services Inc., BAM Management US Holdings Inc., and Binance founder Zhao Changpeng, must submit a response agreeing or opposing the motion to modify within 30 days. If the defendants do not oppose, the SEC will proceed with further litigation.
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The US SEC intends to amend the "third-party crypto asset securities" part of the motion in the lawsuit against Binance
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