Wednesday, November 20, 2024

61 cryptocurrencies are now viewed as securities by the SEC

The total number of cryptocurrencies that the United States securities regulator has accused of being “safeguards” has now reached an estimated 61, after adding a few more from its lawsuit against Crypto Exchange Finance.

The 61 cryptocurrencies accused of being “security” come from various cases carried out over the years by the Securities and Exchange Commission, which outlined what cryptocurrencies it considers securities.

In its most recent case against Binance, the SEC classified 10 cryptocurrencies as securities: BNB (BNB), Binance USD (BUSD), Solana (SOL), Cardano (ADA), Polygon (MATIC), Cosmos (ATOM), The Sandbox (SAND). ), Decentraland (MANA), Axie Infinity (AXS) and COTI (COTI).

Other notable cryptocurrencies considered securities include Ripple’s XRP ( XRP ), LPRY’s LPRY Credits ( LPC ) — though not for secondary sale — and Algorand ( LGO ) , which it named along with five others when it foreclosed on Bittrex in April.

The SEC’s biggest one-time crackdown on cryptocurrencies came when Terraform Labs was charged with fraud in February. A total of 16 cryptoassets were named bonds, including Terra Luna Classic (LUNC), Terra Classic UST (USTC), Mirror Protocol (MIR) and a evaluated 13 Reflective assets (mAssets) that aim to copy the price of stocks like Apple and Tesla.

Related: Fines and Regulation: The Ever-Evolving Landscape of Crypto Compliance

The SEC’s litigation over the crypto space now covers a market worth $100 billion, or about 10% of the total crypto market capitalization of $1.09 trillion.

However, SEC Chairman Gary Gensler said, The agency said “everything but bitcoin” is a security that falls under the money. Crypto data base CoinMarketCap Lists There are about 25,500 cryptocurrencies.

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SEC-Listed Crypto ‘Securities’

The SEC has now declared that these 48 crypto tokens are securities: XRP (XRP), Telegram’s Gram (TON), LBRY Credits (LBC), OmiseGo (OMG), DASH (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), Pixie 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), Sandbox (SAND), Decentraland (MANA), Axie Infinity (AXS), COTI (COTI), Paragon (PRG) and AirToken (AIR).

Additionally, the SEC considers these 13 Mirror Protocol mAssets 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 a Final Comment?

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