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The largest crypto exchange by trading volume, Binance, announced in its official blog post on Monday that its U.S subsidiary exchange would delist Flexa's AMP token “out of an abundance of caution.” And this move will come into effect on August 15 as the platform is waiting for regulatory clarity.
Binance.US (CRYPTO: BNB) will delist the AMP (CRYPTO: AMP) token “out of an abundance of caution” after the U.S. Securities and Exchange Commission alleged AMP was a security last month in its insider-trading case against a former employee of the Coinbase crypto exchange and two of his associates, according to a Binance blog post on Monday.
Binance US will delist Flexa's AMP token on August 15 after the United States Securities and Exchange Commission deemed the token a security. The post Binance.US to delist Flexa's AMP after SEC security classification appeared first on CryptoSlate.
Binance.US supports “responsible” regulation of digital assets by state and federal officials and is “committed to transparency and consumer education,” explains the world's largest crypto exchange.
Today's trading session has seen AMP price dropping by 2 per cent and continuing yesterday's drop of 7 per cent.
AMP, the native token of the Amp blockchain, has extended losses following news that Binance.US, the US arm of major crypto exchange Binance, would delist the coin due to the Securities and Exchange Commission (SEC)'s claim that it is a security.
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.
