Let Wall Street and American leeks take over from CZ and He Yi? $BNB
Demir C Labs
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BNB is no longer considered a security, can it apply for an ETF?
Today, the Washington, D.C. Court released a court document showing that the SEC notified Binance that $BNB $BUSD are no longer securities!
In fact, among all cryptocurrencies, Binance Coin $BNB is arguably the most securities-like, not only because Binance is one of the few cash cow companies in the crypto industry, but also because, like other US-listed companies, it has been buying back (destroying) Binance Coins.
For example, this month the BNB Foundation announced that it had completed the 28th BNB quarterly destruction, which destroyed approximately 1.643 million BNBs, worth approximately US$970 million. Not only that, Binance Coin also has airdrops more frequently than stock dividends. According to statistics from a big V, in the first half of 2024 alone, BNB holders received project token airdrops worth US$1.841 billion, accounting for 2.16% of the current total market value of $BNB.
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