Binance lawsuit: SEC now considers 61 cryptos as securities

Binance lawsuit: SEC now considers 61 cryptos as securities

The United States Securities and Exchange Commission, with its latest lawsuit against Binance has now labeled 61 cryptocurrencies, worth $100 billion, as securities.

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After adding a few from its lawsuit against Binance, the United States Securities regulator now accuses 61 cryptocurrencies of being a “security”.

The Securities and Exchange Commission has been involved in a number of lawsuits over the years, and it has defined which cryptocurrencies are securities.

In its latest case against Binance the SEC classified 10 cryptocurrencies as securities: BNB (BNB), Binance USD(BUSD), Solana(SOL), Cardano(ADA), PolygonMATIC, CosmosATOM, The SandboxSAND), DecentralandMANA (AXS), Axie Infinity AXS (COTI) and COTI (COTI).

The SEC also deemed LBRY’s LBRY credits (LBC) as securities, but not for secondary sale. Algorand’s (ALGO) was also included in the list of cryptocurrencies it cited when it charged Bittrex back in April.

In February, the SEC charged Terraform Labs of fraud. The SEC classified 16 crypto assets as securities. These included Terra Luna Classic (LUNC), Terra Classic USD(USTC), Mirror Protocol(MIR), and an estimated13 Mirrored Assets.

Financing and regulations: the ever-growing landscape for crypto compliance

As a result of its litigated jurisdiction over the crypto-space, the SEC now covers a market worth more than $100 billion or 10% of the total $1.09 trillion crypto market capitalization.

, according to SEC chair Gary Gensler has stated that “everything except Bitcoin” falls under their remit. CoinMarketCap is a crypto data site that lists about 25,500 cryptocurrencies.

Crypto’securities,’ as deemed by the SEC

The SEC declared 48 crypto tokens to be securities. These include: XRP, XRP, Telegram Gram(TON), LBRY Credits / TON (LBC), OmiseGo / OMG (DASH), Algorand / Algo), Naga & Monolith (NGC), Power Ledger TKN (TKN), Power Ledger DFX Finance DFX Finance (DFX), Kromatica (KROM), Kromatica (KROM), (KROM), (

The SEC also deemed the following 13 Mirror Protocol mAssets to be securities: Mirrored Apple Inc., 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.

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