coindesk.com
Binance.US has decided to delist the AMP token “out of an abundance of caution” after the SEC recently alleged AMP was a security in its insider trading case against an ex-Coinbase employee and two associates, according to a Binance company blog post on Monday.
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 “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.
Read more: SEC Probing Coinbase for Allegedly Listing Securities: Report