According to the statement made by Binance today, AMP is being removed from the Binance.US exchange due to the decision of the US Securities and Exchange Commission (SEC).
Binance.US users will not be able to trade with AMP on the stock market as of August 15, 2022.
The delist decision of the stock market is based on the statement made by the SEC last week.
The SEC ordered three individuals, including one of the former directors of Coinbase, insider trading listed on Coinbase as part of the lawsuit filed against these individuals. nine tokens have security status had announced.
In the statement made by Binance.US, the following statements were included:
“The SEC has suggested that nine digital tokens are securities in this case. Of these nine tokens, only AMP was listed on Binance.US. To be cautious, we have made the decision to remove the AMP token from Binance.US. While it is possible to reopen AMP transactions on Binance.US in the future, we have made a decision to do so until the legal status of AMP is clear for now.”