Binance Delists Ethereum-Based Token After SEC Declares It an Unregistered Security in Coinbase Complaint

Binance Delists Ethereum-Based Token After SEC Declares It an Unregistered Security in Coinbase Complaint


The US arm of crypto exchange Binance removed Amp (AMP) on its platform as federal regulators claim that the Ethereum (ETH) token is an unregistered security.

In a new statement, the exchange says that out of an abundance of caution, it will stop supporting the native token of the AMP blockchain effective August 15th.

Binance says that it considers market and regulatory developments in its listing and delisting processes and assets that potentially no longer meet its listing standards go through in-depth review and assessment.

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“We believe that, in some circumstances, delisting an asset best protects our community from undue risk.

While trading of AMP may resume at some point in the future on the Binance.US platform, we are taking this step now until more

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