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61 cryptocurrencies are now considered securities by the SEC

Published on

June 6, 2023
Read Time:2 Minute, 48 Second

The overall variety of cryptocurrencies that the U.S. Securities and Change Fee has recognized as “securities” has now reached an estimated 61, following the addition of some extra from its lawsuit towards crypto alternate Binance.

The 61 cryptocurrencies accused of being a “safety” stem from years of separate litigation by the Securities and Change Fee, which has detailed which cryptocurrencies it considers to be securities.

In its latest case towards Binance, the SEC included 10 cryptocurrencies within 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).

At the moment we now have Binance Holdings Ltd. (Binance) charged; US-based subsidiary BAM Buying and selling Providers Inc. operates collectively with Binance https://t.co/swcxioZKVP; and its founder, Changpeng Zhao, with a collection of securities regulation violations.https://t.co/H1wgGgR5ir pic.twitter.com/IWTb7Et86H

— US Securities and Change Fee (@SECGov) June 5, 2023

Different notable cryptocurrencies the SEC has labeled as securities embrace Ripple's XRP (XRP), LBRY's LBRY Credit (LBC) — although not for secondary gross sales — and Algorand (ALGO), which she named together with 5 others when she launched Bittrex in April charged.

The SEC's greatest one-off cryptocurrency flat-rate got here when it accused Terraform Labs of fraud in February. A complete of 16 crypto belongings had been flagged as securities, together with Terra Luna Traditional (LUNC), Terra Traditional USD (USTC), Mirror Protocol (MIR) and an estimated 13 mirrored belongings (mAssets) that aimed to repeat the worth of shares like Apple and Tesla.

Associated: Fines and Regulation: The ever-expanding panorama of crypto compliance

The SEC's contentious jurisdiction in crypto means it now covers over $100 billion in market worth, which is about 10% of the entire crypto market cap of $1.09 trillion.

SEC Chairman Gary Gensler did, nevertheless has claimed that “anything but bitcoin” is a security under the agency’s purview. Crypto data site CoinMarketCap lists There are round 25,500 cryptocurrencies.

SEC-Acknowledged Crypto “Securities”

The SEC has now declared that these 48 crypto tokens are securities: XRP (XRP), Telegram's Gram (TON), LBRY Credit (LBC), OmiseGo (OMG), DASH (DASH), Algorand (ALGO), Naga (NGC ), Monolith (TKN), IHT Actual Property (IHT), Energy Ledger (POWR), Kromatica (KROM), DFX Finance (DFX), Amp (AMP), Rally (RLY), Rari Governance Token (RGT), DerivaDAO ( DDX) , XYO Community (XYO), Liechtenstein Cryptoasset Change (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) and AirToken (AIR).

As well as, the SEC has labeled these 13 Mirror Protocol mAssets as securities: Mirrored Apple Inc. (mAAPL), Mirrored Amazon.com, Inc. (mAMZN), Mirrored Alibaba Group Holding Restricted (mBABA), Mirrored Alphabet Inc. (mGOOGL ). ), Mirrored Microsoft Company (mMSFT), Mirrored Netflix, Inc. (mNFLX), Mirrored Tesla, Inc. (mTSLA), Mirrored Twitter Inc. (mTWTR), Mirrored iShares Gold Belief (mIAU), Mirrored Invesco QQQ Belief (mQQQ) , Mirrored iShares Silver Belief (mSLV), Mirrored United States Oil Fund, LP (mUSO), Mirrored ProShares VIX Quick-Time period Futures ETF (mVIXY).

Journal: Crypto Regulation – Does SEC Chairman Gary Gensler Have the Final Phrase?



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Azeez Mustafa
Azeez began his FinTech career path in 2008 after growing interest and intrigue about market wizards and how they managed to become victorious on the battlefield of the financial world. After a decade of learning, reading and training the ins and outs of the industry, he’s now a sought after trading professional, technical/currency analyst and funds manager – as well as an author.
Last Updated : June 6, 2023
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