In light of its latest lawsuit against Binance, the US Securities and Exchange Commission (SEC) has now officially designated at least 61 cryptocurrencies in total as securities.
Cryptocurrencies labeled as security
The SEC has now labeled about 61 cryptocurrencies as securities. This is because some have recently been added to the lawsuit against Binance.
The 61 cryptocurrencies accused of being a security come from several lawsuits filed by the Securities and Exchange Commission. The SEC has set out in these lawsuits which cryptocurrencies they consider securities.
In its most recent lawsuit against Binance, the SEC has labeled 10 cryptocurrencies as securities. These are BNB, Binance USD, Solana, Cardano, Polygon, Cosmos, The Sandbox, Decentraland, Axie Infinity and COTI.
Other notable cryptocurrencies that the SEC considers to be securities include Ripple’s XRP, LBRY’s LBRY Credits (LBC), and Alogrand, which it named along with five others when it sued Bittrex in arpil.
In another case from last February, the SEC charged Terraform with fraud, designating a total of 16 crypto assets as securities. These include Terra Luna Classic (LUNC), Terra Classic USD (USTC), Mirror Protocol (MIR), and an estimated 13 Mirrored Assets (mAssets).
The SEC’s authority over the crypto market now extends to a market cap of over $100 billion. This amounts to about 10% of the total market capitalization of cryptocurrencies, which currently stands at $1.09 trillion.
However, SEC Chairman Gary Gensler has claimed that basically every crypto other than Bitcoin is a security under the agency’s purview. According to CoinMarketCap, there are about 25,500 cryptocurrencies in total.
Securities List of the SEC
According to the US Securities and Exchange Commission (SEC), 48 specific crypto projects fall under the category of securities. These include:
XRP, Telegram’s Gram (TON), LBRY Credits (LBC), OmiseGo (OMG), DASH (DASH), Algorand, Naga (NGC), Monolith (TKN), IHT Real Estate (IHT), Power Ledger (POWR), Kromatica (KROM), DFX Finance (DFX), Amp (AMP), Rally (RLY), Rari Governance Token (RGT), DerivaDAO (DDX), XYO Network (XYO), Liechtenstein Cryptoasset Exchange (LCX), Kin (KIN) Salt Lending (SALT), Beaxy Token (BXY), DragonChain (DRGN), Tron (TRX), BitTorrent (BTT), Terra USD (UST), Luna (LUNA), Mirror Protocol (MIR), Mango (MNGO), Ducat ( DUCAT), Locke (LOCKE), EthereumMax (EMAX), Hydro (HYDRO), BitConnect (BCC), Meta 1 Coin (META1), Filecoin (FIL), BNB (BNB), Binance USD (BUSD), Solana (SOL) , 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 has also ruled that these 13 Mirror Protocol assets are securities: Mirrored Apple Inc. (mAAPL), Mirrored Amazon.com, Inc. (mAMZN), Mirrored Alibaba Group Holding Limited (mBABA), Mirrored Alphabet Inc. (mGOOGL), Mirrored Microsoft Corporation (mMSFT), Mirrored Netflix, Inc. (mNFLX), mirrored Tesla, Inc. (mTSLA), mirrored Twitter Inc. (mTWTR), mirrored iShares Gold Trust (mIAU), mirrored Invesco QQQ Trust (mQQQ), mirrored iShares Silver Trust (mSLV), Mirrored United States Oil Fund, LP (mUSO), Mirrored ProShares VIX Short-Term Futures ETF (mVIXY) .