ChainCatcher reported that according to The Block, the U.S. Securities and Exchange Commission (SEC) has long been pursuing cryptocurrency companies engaged in "crypto asset securities" transactions. However, although the agency now explicitly uses the term "securities", it claims that it does not imply that these tokens are indeed securities.
It is reported that the U.S. SEC stated in the footnote of the proposed revised complaint against the cryptocurrency exchange Binance that when the agency refers to crypto asset securities, it does not refer to the crypto assets themselves, but to the full set of contracts, expectations and understandings for the sale of such assets, and simply uses the term as a "shorthand."
At the same time, the SEC also claimed that it has always held this position and cited supplementary text in the case against Telegram. However, in order to clarify the facts, the SEC also stated that it would avoid using this abbreviation in the case against Binance and expressed "regret for any confusion."
