The total number of cryptocurrencies that the United States securities regulator has accused of being a "security" has now reached an estimated 61, after adding a few more from its lawsuit against cryptocurrency exchange Binance.
The 61 cryptocurrencies accused of being a "security" stem from years of various litigation waged by the Securities and Exchange Commission, which has outlined what cryptocurrencies it considers securities.
In his most recent case against Binancethe SEC introduced 10 cryptocurrencies into the securities classification: BNB (bnb), Binance USD (BUSD), Solana (SUN), Cardano (ADA), polygon (MATIC), space (ATOM), the sandbox (SAND), Decentraland (MANNA), Axie Infinity (AXIS) and COTI (COTI).
Today we charge Binance Holdings Ltd. (Binance); US-based affiliate, BAM Trading Services Inc., which, together with Binance, operates https://t.co/swcxioZKVP; and its founder, Changpeng Zhao, with a variety of securities law violations.https://t.co/H1wgGgR5ir pic.twitter.com/IWTb7Et86H
โ US Securities and Exchange Commission (@SECGov) June 5, 2023
Other notable cryptocurrencies that the SEC has considered securities are Ripple's XRP (XRP), the LBRY credits of LBRY (LBC), although not for secondary sales โ and Algorand (SOMETHING), which he named along with five other when he loaded Bittrex in April.
The SEC's largest single cryptocurrency grouping occurred when Terraform Labs Loaded with fraud in February. A total of 16 crypto assets were tagged as securities, including Terra Luna Classic (LUNC), Terra Classic USD (USTC), Mirror Protocol (MIR) and a My dear 13 Mirrored Assets (mAssets) that aimed to copy the price of shares such as Apple and Tesla.
Related: Fines and Regulation: The Growing Landscape of Crypto Compliance
The SEC's litigated mandate of the crypto space means that it now covers more than $100 billion of market value, or around 10% of the total crypto market capitalization of $1.09 trillion.
However, SEC Chairman Gary Gensler has claimed that "everything that is not Bitcoin" it is a value that falls under the mandate of the agency. CoinMarketCap Crypto Data Site liza there are around 25,500 cryptocurrencies.
Crypto "Securities" Considered by the SEC
The SEC has now declared these 48 crypto tokens to be securities: XRP (XRP), telegram gram (TON), LBRY Credits (LBC), OmiseGo (OMG), DASH (DASH), Algorand (SOMETHING), 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 Loan (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).
In addition, these 13 Mirror Protocol mAssets have been deemed by the SEC to be securities: 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), Mirrored ProShares VIX Short-Term Futures ETF (mVIXY).
Magazine: Crypto Regulation: Does SEC Chairman Gary Gensler Have the Final Say?
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