tl;dr
The US Securities and Exchange Commission (SEC) has decided to amend its complaint against Binance, Binance.US, and co-founder Changpeng Zhao regarding third-party crypto asset securities. The SEC asserts there is no need for a court ruling on these crypto tokens at this time. The amendment follows ...
The US Securities and Exchange Commission (SEC) has amended its complaint against Binance, Binance.US, and co-founder Changpeng Zhao regarding third-party crypto asset securities. The SEC asserts there is no need for a court ruling on these crypto tokens at this time. The amendment follows a court order stating that BNB is not a security and a minute order on July 9.
The parties have agreed to a proposed schedule for briefing on the motion to amend and related pleadings, with deadlines set within 30 days. Binance reveals that the proposed amendment to the complaint was not disclosed to defendants until late July 29. Defendants claim the SEC added new language falsely stating that the parties agreed to commence with discovery after the SEC files a proposed amended complaint.
In the latest development in the U.S. Securities and Exchange Commission (SEC) lawsuit against Binance, Binance.US and co-founder Changpeng Zhao, the US SEC has decided to amend its complaint regarding third-party crypto asset securities.
In the joint status response filed in the US District Court for the District of Columbia on July 30, both the SEC informed the defendants that it wants to amend its complaint, including concerning the third-party crypto asset securities, as filed earlier in opposition to Binance’ motion to dismiss.
The move comes after the court’s order that BNB is not a security and minute order on July 9. The BUSD secondary sales are not securities. Furthermore, the parties met and conferred and have agreed to a proposed schedule for briefing on a motion to amend and related pleadings. The deadlines for motion to amend and related pleadings are within 30 days. This provided partial relief for crypto assets including Solana (SOL), Cardano (ADA), and Polygon (MATIC) that were mentioned in the SEC complaint. Other tokens alleged as securities by the SEC include FIL, ATOM, SAND, MANA, ALGO, AXS, and COTI.
Binance reveals the US SEC’s proposed amendment to the complaint was not disclosed to defendants until 11:53 PM ET on July 29. It suggests that they intend amendments beyond the claims concerning the third-party tokens. Defendants claim the SEC added new language falsely stating that the parties agreed to commence with discovery after the SEC files a proposed amended complaint.
Meanwhile, a notice is filed by Jeremy M. Christiansen to appear as counsel in the crucial lawsuit on behalf of Binance Holdings.
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After conducting a thorough technical analysis, it is evident that the stock is currently trading near a significant support level, indicating a potential buying opportunity for investors.
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Considering these factors, investors should closely monitor the stock's price action around the current support level and resistance level to gauge the strength of the potential buying opportunity.
More about JD.com Inc Adr
Company: JD.com Inc Adr
Description: JD.com, Inc. is an e-commerce company and retail infrastructure service provider in the People's Republic of China. The company is headquartered in Beijing, China.
Sector: TRADE & SERVICES, RETAIL-RETAIL STORES, NEC
Stock Data:
- Market Cap: 404.30B
- P/E Ratio: 12.12
- EPS: 5.39
- Beta: 2.18
- 52-Week High: 701.52
- 52-Week Low: 0.0227
- Shares Outstanding: 1.101755056B
- Public Float: 41.67%
- Short Interest: 0.154%
- Short Ratio: 0.07
More about Emeren Group Ltd
Emeren Group Ltd, ReneSola Ltd, develops, builds, operates, and sells solar energy projects. The company is headquartered in Stamford, Connecticut.
Industry: MANUFACTURING, SEMICONDUCTORS & RELATED DEVICES
Market Cap: 97379000
Dividend Yield: None
Beta (5Y Monthly): None
PE Ratio (TTM): -0.16
EPS (TTM): 1.918
Profit Margin: -0.127
Revenue: 106582000
Shares Outstanding: 4.38
Forward Annual Dividend Rate: 3.42
Forward Annual Dividend Yield: 0.148