The total number of cryptocurrencies the United States securities regulator has accused to be a “security” has now reached an estimated 61, after adding a few more from its lawsuit against crypto exchange Binance.
The 61 cryptocurrencies accused of being a “security” comes from years of various litigation undertaken by the Securities and Exchange Commission, which has outlined what cryptocurrencies it deems securities.
In its most recent case against Binance, the SEC introduced 10 cryptocurrencies into the securities classification: BNB (BNB), Binance USD (BUSD), Solana (SOL), Cardano (ADA), Polygon (MATIC), Cosmos (ATOM), The Sandbox (SAND), Decentraland (MANA), Axie Infinity (AXS)and COTI (COTI).
Today we charged Binance Holdings Ltd. (Binance); U.S.-based affiliate, BAM Trading Services Inc., which, together with Binance, operates https://t.co/swcxioZKVP; and their founder, Changpeng Zhao, with a variety of securities law violations.https://t.co/H1wgGgR5ir pic.twitter.com/IWTb7Et86H
— U.S. Securities and Exchange Commission (@SECGov) June 5, 2023
Other notable cryptocurrencies the SEC has deemed securities are Ripple’s XRP (XRP), LBRY’s LBRY Credits (LBC) — although not for secondary sales — and Algorand (ALGO), which it named alongside five others when it charged Bittrex in April.
The SEC’s largest one-time lumping…
