SEC to Amend Binance Lawsuit, Dropping Allegations Against SOL, MATIC, and ADA

The SEC plans to revise its complaint, removing claims that certain third-party tokens are unregistered securities, while maintaining other charges.

The SEC will amend its lawsuit against Binance, excluding allegations against Solana, Cardano, and Polygon tokens.
The amendment will prevent the court from ruling on the status of these tokens as securities for now.
Other tokens, including Binance's BNB and BUSD, remain under scrutiny in the lawsuit.
Binance and the SEC disagree on the timeline for discovery following the amendment.
The SEC's allegations had previously caused market volatility and led to delistings on platforms like Robinhood.