The SEC’s latest lawsuit update targets additional tokens like Axie Infinity, Filecoin, and Cosmos as unregistered securities, continuing its crackdown on the crypto industry.
The United States Securities and Exchange Commission (SEC) has expanded its lawsuit against Binance, the centralized cryptocurrency exchange, to broaden the scope of its claims.
The SEC’s updated legal filings now list an additional range of tokens as securities, including Axie Infinity (AXS), Filecoin (FIL), Cosmos (ATOM), Sandbox (SAND), and Decentraland (MANA).
The development follows the continued pattern of the SEC’s ongoing efforts to regulate the crypto industry and classify digital assets as securities.
