The question of whether the BNB token might be a security is getting a fresh life after the U.S. SEC this week applied the designation to the FTX exchange's FTT token LedesmaLyllah reports
pointed to the existence of FTT's"buy-and-burn" program as an example of how the token might be intended to serve as an investment. Such programs might be compared to a stock buyback, where companies redeem their own shares from the open market to reduce the outstanding supply and thus to increase their value.” and detailed on its website and updated as recently as Oct. 13.
According to Sean Farrell, head of digital asset strategy at Fundstrat, BNB is likely not listed on most domestic exchanges due to the fact it could be “deemed a security by regulators.” "As one of the world's most popular utility tokens, not only can you trade BNB like any other cryptocurrency, you can also use BNB in a wide range of applications and use cases," the website reads.
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