Cryptocurrency News

Binance US will delist AMP following SEC claim token is a security

08/02/2022

Less than a minute

2022.08.02 08:38

Binance US will delist AMP following SEC claim token is a security

United States-based crypto exchange Binance.US said it will be delisting the AMP (OTC:AMLTF) token “out of an abundance of caution” of possible enforcement by federal regulators.

In a Monday blog post, Binance.US said it will be closing deposits of Amp (AMP) and removing the AMP/USD trading pair on Aug. 15 following the token’s mention in a legal action from the U.S. Securities and Exchange Commission, or SEC. The federal regulator filed a complaint against a former Coinbase (NASDAQ:COIN) product manager and two individuals in July that claimed that AMP and eight other cryptocurrencies were “crypto asset securities” that fell under the SEC’s purview.

08/02/2022

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