The United States (US) Securities and Exchange Commission (SEC) lawsuit against Binance, Binance.US and Changpeng Zhao (CZ) in the latest development decided to amend its complaint about third-party crypto asset securities.
In a joint status response filed in the US District Court for the District of Columbia on July 30, 2024, the SEC informed the defendants that they wanted to amend their complaint to include the third-party crypto asset securities.
The SEC emphasized, there is no need for the court to issue a decision to prove the allegations against the token at this time and it should be known that the move was made immediately after the court order saying that Binance Coin (BNB) is not a securities order.
It is common knowledge that the parties who met and negotiated have agreed on the proposed schedule for the briefing regarding the proposed amendment and appeal which will take place within the next 30 days.
The matter has provided partial relief for crypto assets including Solana (SOL), Cardano (ADA) and Polygon (MATIC) mentioned in the SEC complaint.
On a different note, BlackRock's Chief Information Officer (CIO) for ETF and Index Investments Samara Cohen said asset managers are not pursuing any ETFs including spot SOL ETFs in the near future.
This is because there may be liquidity and manipulation concerns associated with introducing other crypto ETFs such as the SOL ETF into the wider market which has recently received increasing attention.