The post SEC vs Crypto: Gary’s Final Strike on Crypto Before Departure appeared first on Coinpedia Fintech News
Gary Gensler is stepping down as SEC Chair on January 20, 2025. But before leaving, he has made a final strike against the crypto world. The SEC, under his watch, filed an 81-page document targeting Binance. It opposes Binance’s motion to dismiss its lawsuit, calling Binance Coin (BNB) and ten other tokens securities. Let’s unpack what this means for Binance and the broader crypto market.
SEC’s Target: Eleven Cryptocurrencies
The SEC is not happy targeting just Binance Coin. Along with BNB, it labeled ten more tokens as securities: Solana (SOL), Cardano (ADA), Polygon (MATIC), Filecoin (FIL), Cosmos (ATOM), The Sandbox (SAND), Decentraland (MANA), Algorand (ALGO), Axie Infinity (AXS), and COTI.
Source : courtlistener
But the filing goes beyond naming tokens. The SEC accuses Binance of more than just selling them. It claims Binance promoted secondary mark
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