SEC Intensifies Legal Battle Against Binance, Designates AXS, FIL, and ATOM as Securities in Expanded Lawsuit
Washington, D.C. — The Securities and Exchange Commission (SEC) has recently broadened its legal battle against the cryptocurrency exchange, Binance, by classifying additional digital assets as securities. This expanded lawsuit now includes popular cryptocurrencies such as Axie Infinity Shards (AXS), Filecoin (FIL), and Cosmos (ATOM). The SEC’s assertion intensifies the ongoing scrutiny within the crypto industry, emphasizing the regulatory push to establish clearer boundaries and protections within the digital asset space. The commission’s actions suggest a strategic move towards bringing more cryptocurrency offerings under its regulatory scope, which traditionally applies to standardized securities. This escalation … Read more