In its latest lawsuit against Binance, the SEC has listed 10 new crypto tokens as “crypto asset securities,” bringing the total number of such crypto tokens to 61.
The SEC’s “crypto asset securities” ambit now covers tokens worth over $100 billion, or around 10% of the total crypto market capitalization, which was $1.09 trillion at press time.Source:
This is a significant development for the crypto industry, as the SEC’s decision to name a specific token as a security can make brokers reluctant to offer it, which can impair its liquidity and price., traders suffered over $297 million in losses over the past 24 hours. Binance witnessed the largest liquidation of funds during the period, i.e. $97.45 million.
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