SEC's Actions Against Binance and Cryptocurrencies Cause Market Turmoil.
TL;DR Summary
The US Securities and Exchange Commission (SEC) has accused 61 cryptocurrencies of being securities, including 10 introduced in its recent lawsuit against Binance. Notable cryptocurrencies deemed securities by the SEC include Ripple's XRP, LBRY Credits, and Algorand. SEC Chair Gary Gensler has claimed that "everything other than Bitcoin" is a security falling under the agency's remit. The SEC's litigated remit of the crypto space now covers over $100bn worth of the market, or around 10% of the $1.09tn total crypto market capitalisation.
- Binance lawsuit: 61 cryptocurrencies are now seen as securities by the SEC Cointelegraph
- S.E.C. Accuses Binance of Mishandling Funds and Lying to Regulators The New York Times
- Why Dogecoin (DOGE) Is Getting Obliterated Today Benzinga
- The Binance lawsuit is a 'legislative failure', says fmr. SEC Senior Trial Counsel Howard Fisher CNBC Television
- Why Bitcoin- And Ethereum-Related Stocks Are Getting Hammered - Marathon Digital Holdings (NASDAQ:MARA), Benzinga
Reading Insights
Total Reads
0
Unique Readers
9
Time Saved
2 min
vs 3 min read
Condensed
84%
508 → 82 words
Want the full story? Read the original article
Read on Cointelegraph