Binance faces setbacks as judge approves majority of SECs allegations only BUSD and Earn services exempted from investment contracts

A federal judge in the United States ruled in a court filing on the 28th that most of the Securities and Exchange Commission’s (SEC) allegations against the exchange Binance, including BNB’s ICO involving securities sales and failure to register as a broker, will be approved; at the same time, allegations that the stablecoin BUSD and the Simple Earn program are securities have been dismissed.