Following the regulatory scrutiny by the United States Securities and Exchange Commission (SEC) against the world’s two largest cryptocurrency exchanges, Binance and Coinbase, the watchdog now labels 67 cryptocurrencies as securities.
The following 10 cryptocurrencies became classified as securities under the SEC after it sued Binance for 13 violations, alleging the popular crypto exchange of manipulating investors and traders via unlawful activities including the artificial inflation of trading volume and illicit staking program initiatives:
BNB (BNB), Binance USD (BUSD), Axie Infinity (AXS), Cardano (ADA), Cosmos (ATOM), COTI (COTI), Decentraland (MANA), Polygon (MATIC), Solana (SOL) and The Sandbox (SAND).
After the SEC sued the largest cryptocurrency exchange in the United States, the renowned Coinbase, for failure to register as a securities exchange, broker and clearing agency, six more cryptocurrencies have now been recognized as securities:
FLOW (FLOW), Internet Computer (ICP), Voyager Token (VGX) and Nexo (NEXO), Chiliz (CHZ) and Near (NEAR).
Here is a total list of the 67 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), Chiliz (CHZ), Flow (FLOW) Internet Computer (ICP), Near (NEAR), Voyager Token (VGX), Nexo (NEXO), 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://www.bbc.com/news/business-65824886
https://cointelegraph.com/news/sec-sues-coinbase-crypto-exchange
https://cointelegraph.com/news/sec-labels-61-cryptocurrencies-securities-after-binance-suit
https://www.reuters.com/legal/us-sec-sues-coinbase-over-failure-register-2023-06-06/
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