Binance.US to Delist AMP After SEC Claim That the Token Is a Security

The move will be effective as of Aug. 15.

AccessTimeIconAug 1, 2022 at 4:43 p.m. UTC
Updated May 11, 2023 at 5:34 p.m. UTC

Binance.US will delist the AMP token “out of an abundance of caution” after the U.S. Securities and Exchange Commission alleged AMP was a security last month in its insider-trading case against a former employee of the Coinbase crypto exchange and two of his associates, according to a Binance blog post on Monday. The move will be effective on Aug. 15.

  • In its suit, the SEC named nine digital assets it claims are securities. Of those nine tokens, only AMP is listed on the Binance.US platform, according to Binance.US.
  • Binance.US said the trading of AMP may resume in the future on its platform, but noted that “we are taking this step now until more clarity exists around the classification of AMP.”
  • The price of AMP was down 2.4% over the past 24 hours, according to CoinDesk data.
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