Binance Lawsuit – SEC Recognizes 61 Cryptocurrencies as Securities

!RECOG

After the United States Securities and Exchange Commission (SEC) sued crypto exchange giant Binance for 13 violations including that Binance allegedly manipulating and deceiving investors through its staking program, the SEC has now recognized a few more cryptocurrencies as “securities” and have now totaled to 61.

The 10 new cryptocurrencies which are now classified as securities are;

BNB (BNB), Binance USD (BUSD), Axie Infinity (AXS), Cardano (ADA), Cosmos (ATOM), COTI (COTI), Decentraland (MANA), Polygon (MATIC), Solana (SOL) and The Sandbox (SAND).

When the SEC filed a lawsuit against Bittrex in April, the watchdog deemed Ripple’s (XRP), Algorand (ALGO) and LBRY’s LBRY Credits (LBC), while when it charged Terraform Labs with fraud in February, a total of 16 cryptocurrencies became classified as securities.

Here is a total list of the 61 cryptocurrencies recognized as securities by the SEC:

XRP (XRP), Telegram’s Gram (TON), LBRY Credits (LBC), OmiseGo (OMG), DASH (DASH), Algorand (ALGO), Naga (NGC), Monolith (TKN), IHT Real Estate (IHT), Power Ledger (POWR), Kromatica (KROM), DFX Finance (DFX), Amp (AMP), Rally (RLY), Rari Governance Token (RGT), DerivaDAO (DDX), XYO Network (XYO), Liechtenstein Cryptoasset Exchange (LCX), Kin (KIN) Salt Lending (SALT), Beaxy Token (BXY), DragonChain (DRGN), Tron (TRX), BitTorrent (BTT), Terra USD (UST), Luna (LUNA), Mirror Protocol (MIR), Mango (MNGO), Ducat (DUCAT), Locke (LOCKE), EthereumMax (EMAX), Hydro (HYDRO), BitConnect (BCC), Meta 1 Coin (META1), Filecoin (FIL), BNB (BNB), Binance USD (BUSD), Solana (SOL), Cardano (ADA), Polygon (MATIC), Cosmos (ATOM), The Sandbox (SAND), Decentraland (MANA), Axie Infinity (AXS), COTI (COTI), Paragon (PRG), AirToken (AIR), Mirrored Apple Inc. (mAAPL), Mirrored Amazon.com, Inc. (mAMZN), Mirrored Alibaba Group Holding Limited (mBABA), Mirrored Alphabet Inc. (mGOOGL), Mirrored Microsoft Corporation (mMSFT), Mirrored Netflix, Inc. (mNFLX), Mirrored Tesla, Inc. (mTSLA), Mirrored Twitter Inc. (mTWTR), Mirrored iShares Gold Trust (mIAU), Mirrored Invesco QQQ Trust (mQQQ), Mirrored iShares Silver Trust (mSLV), Mirrored United States Oil Fund, LP (mUSO) and Mirrored ProShares VIX Short-Term Futures ETF (mVIXY).

Sources:

https://cointelegraph.com/news/sec-sues-binance-in-us-district-court-for-unregistered-securities-operations

https://cointelegraph.com/news/sec-labels-61-cryptocurrencies-securities-after-binance-suit

https://www.reuters.com/legal/us-sec-sues-binance-founder-zhao-alleging-securities-law-violations-2023-06-05/

https://www.nytimes.com/2023/06/05/business/sec-binance-charges.html

https://www.theguardian.com/business/2023/jun/05/binance-sued-sec-cryptocurrency-accused-mishandling-funds

https://www.theverge.com/2023/6/5/23749596/sec-binance-lawsuit-crypto-exchange-allegations

https://www.axios.com/2023/06/05/sec-sues-crypto-giant-binance-and-its-ceo

https://ecf.dcd.uscourts.gov/cgi-bin/show_temp.pl?file=8344309-0--15324.pdf&type=application/pdf

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