- The SEC has sued leading crypto exchange Binance.
- The SEC’s offensive also directly targeted Cardano.
- The regulator made many claims about Cardano in its official documents.
The US Securities and Exchange Commission (SEC) has launched an offensive against the crypto industry, setting its sights on two of the largest crypto exchanges in the country, Coinbase and Binance.
The SEC’s shot has sent tremors throughout the industry, with shrapnel hitting the crypto market and leading tokens like Cardano, Solana, and Polygon accused of being unregistered securities.
Caught in the Crossfire
On Monday, June 5, the SEC launched a high-profile lawsuit against Binance, accusing the exchange of mishandling customer funds and engaging in wash trading. The regulator listed ten crypto assets as unregistered securities in its complaint.
This includes BNB (BNB), Binance USD (BUSD), Solana (SOL), Cardano…
