Following its Monday lawsuit against crypto exchange Binance, the Securities and Exchange Commission (SEC) has expanded the list of cryptocurrencies it considers unregistered securities to include tokens worth US$115 billion, according to Bloomberg on Tuesday.
The SEC stated in a Monday complaint that tokens traded on Binance, including the Binance BNB token, stablecoin BUSD, Solana, Cardano’s ADA, and Polygon’s MATIC, are securities that must be registered and regulated.
Considering other tokens already targeted by the SEC, that would bring the total amount of cryptocurrencies considered securities by the SEC to US$115 billion, according to the Bloomberg report.