SEC flags 19 crypto tokens as 'unregistered securities'

Per Bloomberg

The SEC flags 19 crypto tokens as "unregistered securities." This comes as the agency is going hard on crypto exchanges like Coinbase and Binance for reportedly listing "unregistered securities."

Here are the mentioned tokens

1. ADA (Cardano) - Cardano blcokchain
2. ALGO (Algorand) - Algorand blockchain
3. ATOM (Cosmos) - Cosmos Hub blockchain
4. AXS (Axie Infinity Shards) - Axie Infinity NFT game token
5. BNB (Binance Coin) - BNB Chain token (launched by Binance)
6. BUSD (BinanceUSD) - Binance stablecoin
7. CHZ (Chiliz) - Chiliz blockchain
8. COTI (COTI) - Coti blockchain
9. DASH (Dash) - privacy coin and Bitcoin fork
10. FIL (Filecoin) - Filecoin blockchain
11. FLOW (Flow) - Flow blockchain
12. ICP (Internet Computer Protocol) - founded by DFINITY Foundation, investors include a16z and more.
13. MANA (Decentraland) - Decentraland metaverse token
14. MATIC (Polygon) - Polygon blockchain
15. NEAR (Near) - Near blockchain
16. NEXO (Nexo) - Nexo crypto exchange's token
17. SAND (Sandbox) - Sandbox metaverse token
18. SOL (Solana) - Solana blockchain
19. VGX (Voyager) - Voyager crypto exchange's token

Coinbase and Binance are now being focused on by the SEC as the agency is going after Coinbase for its staking program. The SEC alleges that the crypto exchange operated as an unregistered exchange and broker.

The allegations also specified how 13 assets on its platform were crypto securities.

Binance's CEO Changpeng Zhao, or CZ, was also sued for breaking US securities. There were reportedly 13 charges filed against the Binance co-founder.

See flow at unusualwhales.com/flow.

Other News:

• Coinbase sued by SEC over staking program, alleging it operated as an unregistered exchange and broker
• Binance's CZ sued by SEC for breaking US Securities

Resources:

Bloomberg