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Binance.US Delists Amp Token That SEC Deemed a Security

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Crypto exchange Binance.US announced Monday that it’s delisting one of the crypto assets the US Securities and Exchange Commission identified as a security in a recent insider-trading case. 

The Amp token is one of nine digital currencies that the regulator said were securities in a lawsuit last month that accused three individuals, including a former Coinbase Global Inc. employee, of participating in an insider trading scheme. The token currently has a total market value of about $360 million, according to CoinMarketCap.