Binance US Delists Crypto Token ‘out of an Abundance of Caution’ After SEC Says It’s a Security

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Binance US Delists Crypto Token ‘out of an Abundance of Caution’ After SEC Says It’s a Security

Binance’s U.S. platform is delisting crypto token amp after the Securities and Exchange Commission (SEC) declared it a security. Another crypto exchange, Coinbase, disagreed with the regulator, arguing that the token is not a security.

Binance Delists AMP ‘out of an Abundance of Caution’


Binance’s U.S. exchange (Binance US) is taking action to ensure that crypto tokens the U.S. Securities and Exchange Commission (SEC) has declared to be securities are not listed on its platform. The SEC recently said in a lawsuit against a former Coinbase product manager that deviņi kriptonauda žetoni ir vērtspapīri. Tie ir AMP, RLY, DDX, XYO, RGT, LCX, POWR, DFX un KROM.

Binance US explained:

In its suit, the SEC named nine digital assets that it alleges are securities. Of those nine tokens, only amp (AMP) is listed on the Binance.ASV platforma.


“Out of an abundance of caution, we have decided to delist the AMP token from Binance.US, effective August 15, 2022,” the crypto exchange announced Monday.

Binance US detailed that on Aug. 15, AMP deposits on its platform will be closed at 9:00 p.m. EDT and the AMP/USD trading pair will be removed at 11:00 p.m. EDT. “All trade orders will be automatically removed after trading ceases for the trading pair,” the announcement states.

Birža precizēja, ka tā veic šo soli, līdz būs lielāka skaidrība par kriptovalūtas klasifikāciju, piebilstot, ka monēta varētu atsākt tirdzniecību kādā brīdī nākotnē.

The price of AMP fell sharply following the delisting announcement by Binance US. At the time of writing, AMP is trading at $0.0081411, down 11% in the past 24 hours.





Kamēr Binance US has taken a cautious approach to crypto tokens that may be deemed securities by the SEC, the Nasdaq-listed cryptocurrency exchange Coinbase has chosen to fight the securities regulator.

Pēc tiesas prāvas pret savu bijušo darbinieku Coinbase publicēja emuāra ierakstu, norādot, ka tajā nav iekļauti vērtspapīri. Biržas galvenais juridiskais darbinieks Pols Grīvals, rakstīja:: “Coinbase savā platformā neuzskaita vērtspapīrus. Stāsta beigas." Izpilddirektors arī kritizēja SEC, norādot: "Tā vietā, lai ar mums būtu dialogs par septiņiem aktīviem mūsu platformā, SEC tieši uzsāka tiesvedību."

Pagājušajā nedēļā parādījās ziņojumi, ka SEC varētu izmeklēt Coinbase par tā kriptovalūtu vērtspapīru sarakstiem.

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Oriģināls avots: Bitcoin. Ar