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AMP Dives as Binance.US Unveils Its Delisting Following the SEC Claim that It is a Security

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AMP, the native token of the Amp blockchain, has extended losses following news that Binance.US, the US arm of major crypto exchange Binance, would delist the coin due to the Securities and Exchange Commission (SEC)'s claim that it is a security.At 13:02 UTC, AMP is trading at USD 0.00812, down 10% in a day.

It's also down 4% in a week, 11% in a month, 88% in a year, and 93% since its June 2021 all-time high.Binance.US announced that it will delist the AMP token “out of an abundance of caution” after the SEC alleged AMP was security last month in an investigation against US-based crypto exchange Coinbase.

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