The Securities and Exchange Commission of the United States has expanded its list of cryptocurrencies classified as “securities” to approximately 61.
The increase was a result of the recent lawsuit filed against Binance, which added a few more to the existing list.
Over the years, the SEC has engaged in numerous legal actions and has clearly identified which cryptocurrencies it considers to fall under the category of securities.
The Securities and Exchange Commission (SEC) recently included 10 additional cryptocurrencies in its classification of securities during its latest case against Binance.
In February, the Securities and Exchange Commission (SEC) made its most significant move by charging Terraform Labs with fraud, resulting in the classification of 16 cryptocurrencies as securities.
The Securities and Exchange Commission (SEC) has expanded its jurisdiction to encompass a significant portion of the cryptocurrency market, amounting to over $100 billion. This represents approximately 10% of the total market capitalization, which is estimated at $1.09 trillion.
According to SEC Chair Gary Gensler, he asserts that anything apart from Bitcoin is considered a security and falls under the regulatory authority of the SEC. With around 25,500 cryptocurrencies listed on CoinMarketCap, this indicates the wide scope of the SEC’s purview within the crypto space.
The Securities and Exchange Commission (SEC) has officially classified 48 crypto tokens as securities. Among these tokens are XRP, Gram (TON) from Telegram, LBRY Credits (LBC), OmiseGo (OMG), 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), and AirToken (AIR).
Furthermore, the SEC has designated 13 Mirror Protocol mAssets as securities. These mAssets include 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)
