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Binance.US will delist AMP from its platform following the Security and Exchange Commission's (SEC) decision to class the asset as a security.  The post Binance.US Delists Amp Token After SEC Deems It a Security appeared first on BeInCrypto.

Binance US has announced it will delist the AMP token after it was deemed a security by the US Securities and Exchange Commission (SEC).

Binance US will follow the SEC's recommendations and halt all operations with AMP starting from August 15.

Coinspeaker Binance.US to De-list AMP as SEC Classifies Token as ‘Security'

The crypto community has recently been on edge as a result of statements by the United States Securities and Exchange Commission (SEC). After the US SEC claimed that AMP was a security last month, Binance.US will delist the token “out of an abundance of caution.

Binance.US has announced that it will delist AMP following last week's news that the SEC mentioned the token as a security.

On Monday, AMP took a hit in response to the Binance.US announcement. In January 2021, Binance.US took a similar course of action with XRP.

Binance.US will be removing AMP from its platform until U.S. regulatory agencies further clarify whether the token is a security.

The exchange said all AMP trading will be halted on Aug. 15, adding that it “may resume at some point in the future."

The move will be effective as of August 15.

The price of AMP has followed a rough course since July last year with further lows expected to come

When thinking of which cryptos to sell after the Coinbase news, consider which currencies would easily pass the Howey Test.

Nasdaq-listed crypto exchange Coinbase has disputed the allegation by the U.S. Securities and Exchange Commission (SEC) that nine of the crypto assets traded on its platform are securities. The company's chief legal officer stressed: “Coinbase does not list securities. End of story.” Coinbase Insists It Does Not List Crypto Asset Securities The U.S.

Crypto exchange Coinbase is refuting claims by the U.S. Securities and Exchange Commission (SEC) that nine digital assets listed on its platform are securities.

The United States Securities and Exchange Commission used its first-ever crypto insider trading case to name at least nine crypto assets that it considers unregistered securities.

The U.S. Securities and Exchange Commission (SEC) has announced insider trading charges against a former Coinbase manager, who has been arrested and is also facing criminal charges. The regulator has identified nine crypto tokens as securities in the complaint. U.S. Attorney Damian Williams says it is “the first-ever insider trading case involving cryptocurrency markets.

There has been long-running debate as to whether some cryptocurrencies should actually be treated as securities.

Despite identifying the assets, the SEC has not issued any charges against their issuers.

The U.S. Securities and Exchange Commission (SEC) has alleged that nine cryptocurrencies involved in an insider trading lawsuit are actually securities. Coinbase Global Inc (NASDAQ: COIN) said it “does not list securities on its platform.

SEC reveals Coinbase listed nine crypto assets that are securities that were unregistered, in a complaint against a former employee who was accused of insider trading so let's have a closer look at our latest Coinbase news.

Amp price has had a difficult period in the past few months as challenges in the Decentralized Finance (DeFi) industry have emerged

The US SEC listed nine cryptocurrencies as securities in response to the first-ever insider trading case involving crypto tokens against a former Coinbase employee.

The Securities and Exchange Commission and the Department of Justice brought charges against three individuals. However, the SEC's assertions that cryptocurrencies are securities are what caught everyone's attention and could hold greater implications for the crypto space.

The Securities and Exchange Commission is drawing criticism for regulating by enforcement instead of providing a clear regulatory framework.