BNB, BUSD ‘not securities’ – Binance rejects SEC’s security labels

Crypto exchange Binance has refuted the U.S. Securities and Exchange Commission’s (SEC) assertion that its BNB token is a security, according to a statement shared with CryptoSlate. On June 5, the SEC labeled the BNB token, alongside digital assets like BUSD, ADA, ALGO, FIL, and others, as securities in its lawsuit against Binance.