The SEC alleged that Binance in particular listed 10 tokens that it viewed as securities, as examples of how the exchange was violating federal securities laws by being a broker, dealer and clearinghouse: SOL, ADA, MATIC, FIL, ATOM, SAND, MANA, ALGO, AXS and COTI. In its motion to dismiss, Binance argued that the SEC couldn’t plausibly allege that they were securities, saying they didn’t meet the tenets of the Howey Test.

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• Source: https://www.coindesk.com/opinion/2024/07/19/a-second-look-at-third-party-token-allegations-in-the-secs-case-against-binance/?utm_medium=referral&utm_source=rss&utm_campaign=headlines