SEC Regulatory Net Covers $115 Billion of Crypto After Binance Suit – Bloomberg

The list of digital tokens deemed as unregistered securities by the Securities and Exchange Commission now spans over $115 billion of crypto after the US agency’s lawsuit against Binance Holdings Ltd.

The regulator in the complaint on Monday cited a dozen coins as assets that fall under its purview. Such a designation comes with strict investor protection rules and could make the tokens harder to trade if exchanges shy away from listing them for fear of falling foul of the SEC.

Binance’s BNB — which has a market value of $44 billion — stablecoin BUSD, Cardano’s ADA, Solana’s SOL, Polygon’s MATIC, Filecoin’s FIL and Algorand’s ALGO were among those mentioned in the lawsuit. When added to other tokens like XRP separately targeted by the SEC, the agency has now categorized over $115 billion of coins specifically as unregistered securities.

Source: SEC Regulatory Net Covers $115 Billion of Crypto After Binance Suit – Bloomberg