According to Bloomberg’s report, the US regulator SEC accused Binance and its CEO, CZ, of violating securities laws and sued.
CZ, who gave the first answer to this, stated that the news was FUD. “We will publish a response when we see the SEC’s complaint. We haven’t seen it yet” said.
When the SEC’s lawsuit was examined, the SEC claimed that some altcoins are securities besides BNB and BUSD.
Among these altcoins, Solana (SOL), Cardano (ADA), Polygon (MATIC), Filecoin (FIL), Cosmos (ATOM), The Sandbox (SAND), Decentraland (MANA), Algorand (ALGO), Axie Infinity (AXS) and Coti (COTI) took place.
The SEC filed the following statement in its complaint:
“After Binance became active on the market, it made it possible to trade on crypto assets offered and sold as investment contracts and thus securities.
Apart from BNB, BUSD, these securities, which are cryptocurrencies, also include SOL, ADA, MATIC, FIL, ATOM, SAND, MANA, ALGO, AXS and COTI. “
In this context, SEC Binance BNB, BUSD, SOL, ADA, MATIC, FIL, ATOM, SAND, MANA, ALGO, AXS and COTI accused of providing trading for securities such as
BNB, which experienced a decrease of about 5% after the news of the lawsuit, continues to trade at $ 284 at the time of writing.
*Not investment advice.
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