3.9 C
London
Wednesday, December 4, 2024

SEC Secures 12 Cryptocurrencies In Binance Case: How Are Prices Affected?

Date:

Related stories

Understanding the Impact of Banking Panics: Can Your Funds Be Frozen?

Political instability in France, marked by Prime Minister Michel...

Nine Escape from Nice Detention Center: A Tale of Daring and Resilience

A dramatic escape occurred at Nice's administrative detention center,...

Middle East Conflict: Israel Issues Warning to Lebanon Over Ceasefire Violations

Israeli Defense Minister Katz has threatened intensified attacks in...

Is Marmot Hunting Facing its Final Days? New Legislation Proposed

A legislative proposal aimed at banning marmot hunting in...

Exploring the Low Enthusiasm Surrounding Joe Biden’s Trip to Angola

President Joe Biden emphasized the U.S. commitment to Africa...
- Advertisement -

The US Securities and Exchange Commission (SEC) has designated 12 different cryptocurrencies as securities in a lawsuit filed against Binance and CEO Changpeng Zhao (CZ).

SEC’s cryptocurrency exchange Binance and CEO CZ 13 different reasons in the lawsuit filed by accusing him of 12 different cryptocurrencies defined as securities. From the list submitted by the regulatory agency Ethereum (ETH) And Ripple’s (XRP) It should be noted that it is not considered a security.

Among the cryptocurrencies that the SEC qualifies as securities Binance Coin (BNB), Binance USD (BUSD), Left (LEFT), Cardano (ADA), Polygon (MATIC), Filecoin (FIL), Cosmos (ATOM), The Sandbox (SAND), Decentraland (MANA), Algorand (ALGO), Axie Infinity (AXS) And Coti (COTI) took place.

After the announcement, serious withdrawals were seen in the cryptocurrencies in question. BNB 10%While exhibiting a decrease close to , SOL %11thADA 8%MATIC 7.8%SAND 12.7%FIL 17%MANA %11th,4, ALGO 10.2%AXS 9.6%COTI 12.4% depreciated.

Binance CEO CZ reposted a post featuring these cryptocurrencies. by sharingTogether we are strong” he called.

In the statement made by the institution, it is stated that the list presented is not comprehensive, while the specified cryptocurrencies The Binance platform has been around since its launch. He claimed that it was traded as a security:

Since its launch, Binance has launched these crypto assets as investment contracts and thus securities, and they have continued their work in this direction.

Ripple and Ethereum not included

In the SEC’s lawsuit against Binance, Ethereum and Ripple were not included in the list of cryptocurrencies with security status. drew attention. The main reason for this Ripple with SEC It is thought to be due to the ongoing litigation process.

On the other hand, on Ethereum, the SEC Commodities and Futures Commission (CFTC) with opposite falling. With this decision, the SEC doesn’t seem to want to create extra chaos while it has already filed new lawsuits.

However, as stated in the case file, cryptocurrencies with the status of securities limited to 12 not. SEC, Ethereum And Ripple may also see it in this status, but may not have added it to the list.

The SEC has so far named 61 cryptocurrencies as securities!

The SEC has, in total, in its lawsuits and discourses about cryptocurrencies so far. 61 cryptocurrencies defined as securities. Among these cryptocurrencies Ripple Many prominent assets, including

The full list of cryptocurrencies that the SEC has so far designated as securities is as follows: XRP, Telegram’s Gram (TON), LBRY Credits (LBC), OmiseGo (OMG), DASH (DASH), ALGO, Naga (NGC), Monolith (TKN), IHT Real Estate (IHT), Power Ledger (POWR), Chromatica (CHROM), DFX Finance (DFX), Amp (AMP), Rally, Rari Governance Token (RGT), DerivaDAO (DDX), XYO Network (XYO), Liechtenstein Cryptoasset Exchange (LCX), KIN (KIN), Salt Lending, Beaxy Token (BXY), DragonChain (DRGN), Tron (TRX), BitTorrent (BTT), Terra USD (UST), Luna, Mirror Protocol (MIR), Mango (MNGO), Ducat (DUCAT), Locke (LOCKE)EthereumMax (EMAX), Hydro (HYDRO), BitConnect (BCC), Meta 1 Coin (META1), Filecoin (FIL), BNB, Binance USD (BUSD), wither (LEFT), Cardano (ADA), Polygon (MATIC), Cosmos (ATOM), The Sandbox (SAND), Decentraland (MANA), Axie Infinity (AXS), COTI (COTI), Paragon (PRG) And AirToken (AIR).

In addition, the SEC trades assets in traditional markets like Ethereum-based assets. Mirror Protocol (MIR) He used the definition of securities in 13 other assets within the scope of Among them Mirror Apple Inc. (mAAPL), Mirror Amazon.com, Inc. (mAMZN), Mirror Alibaba Group Holding Limited (mBABA), Mirror Alphabet Inc. (mGOOGL), Mirror Microsoft Corporation (mMSFT), Mirror Netflix Inch. (mNFLX), Mirror Tesla, Inc. (mTSLA), MirrorTwitter Inc. (mTWTR), Mirror iShares Gold Trust (mIAU), Mirror Invesco QQQ Trust (mQQQ), Mirror iShares Silver Trust (mSLV), Mirror United States Oil Fund, LP (mUSO), Mirror ProShares VIX Short-Term Futures ETF (mVIXY) took place.


source site-9

Latest stories