In its amended complaint against Binance, the US Securities and Exchange Commission (SEC) provided detailed explanations, stating that the term 'cryptocurrency securities' is not specifically referring to cryptocurrencies as securities. The SEC indicated that when describing such assets, 'cryptocurrency securities' is essentially a simplified expression for a complex set of concepts including contracts, expectations, and understanding involved in the sales process. The agency emphasized that it has always held this stance and made similar explanations in previous cases like that of Telegram. To clear up any possible confusion, the SEC will no longer use the abbreviation 'cryptocurrency securities' in future cases and apologizes for any confusion that may have arisen from its use in the past.