The lawsuit brought by the United States Securities and Exchange Commission against crypto exchange Binance has been expanded, with the SEC now including a wider range of tokens as securities in its legal filings.
These tokens, such as Axie Infinity Shards, ATOM, SAND, and MANA, were not previously listed in the lawsuit and their addition suggests the SEC’s ongoing efforts to regulate the crypto industry and determine which digital assets should be classified as securities.
One of the factors behind this development could be the pressure from US diplomats to release a Binance executive who was recently detained in Nigeria.
The SEC claims that Binance and its US affiliate, BAM Trading, have been promoting these newly deemed securities on their platforms and enticing customers with potential investment returns.
