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<p class="is-style-lead">The number of coins regarded as securities by the US Securities and Exchange Commission (SEC) is now 67, with a total market value of $100 billion. </p>



<p>The US SEC has now labeled 67 coins as securities following the lawsuits against Binance and Coinbase.&nbsp;</p>



<p>On June 5, the SEC <a href="https://crypto.news/sec-sues-coinbase-just-hours-after-binance/">filed</a> 13 charges against Binance and its founder, Changpeng Zhao, alleging that they enriched themselves with billions of US dollars by offering unregistered securities services and sales of tokens while placing investors at risk. The next day, SEC sued Coinbase on similar grounds for allegedly acting as an unregistered broker. </p>




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<p>In its lawsuit against Binance, the SEC <a href="https://cointelegraph.com/news/sec-s-binance-suit-contains-heady-mix-of-predictable-charges-novel-revelations" data-type="URL" data-id="https://cointelegraph.com/news/sec-s-binance-suit-contains-heady-mix-of-predictable-charges-novel-revelations" target="_blank" rel="noopener">classified</a> ten cryptocurrencies as securities. Additionally, it <a href="https://cointelegraph.com/news/sec-sues-coinbase-crypto-exchange" data-type="URL" data-id="https://cointelegraph.com/news/sec-sues-coinbase-crypto-exchange" target="_blank" rel="noopener">named</a> 13 cryptocurrencies as securities in the Coinbase filing. </p>



<p>Adding up to the previous cases, such as Bittrex and Ripple, the security label now applies to over $100 billion worth of crypto assets. They represent about 10% of the $1.09 trillion total crypto market capitalization. </p>



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<blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">67 coins have been listed as securities by US SEC, with a total market value of over $100 billion<br><br>According to statistics, after launching lawsuits against <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#Binance</a> and <a href="https://twitter.com/hashtag/Coinbase?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#Coinbase</a>, the total number of cryptocurrencies marked as securities by US SEC has now reached 67.</p>&mdash; Gwei Research(fomerly 8BTCnews) (@btcinchina) <a href="https://twitter.com/btcinchina/status/1668131407351394304?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">June 12, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
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<p>The full list of tokens named as securities by the SEC on Binance include $ATOM, BNB, BUSD, and COTI, for Coinbase, they are CHZ, NEAR, FLOW, ICP, VGX, DASH, NEXO, while for both Binance and Coinbase, they SOL, ADA, MATIC, FIL, SAND, MANA, ALGO, AXS.&nbsp;</p>




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<p>Following the suit, BinanceUS suspended US dollar deposits while clarifying that fiat withdrawals would be paused on June 13. </p>



<p>According to the exchange, steps were taken to enable a smooth transition to a crypto-only exchange. It maintained that trading, staking, deposits, and withdrawals in crypto remain operational. </p>



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">The SEC has taken to using extremely aggressive and intimidating tactics in its pursuit of an ideological campaign against the American digital asset industry. <a href="https://t.co/AZwoBOgsqS" target="_blank">https://t.co/AZwoBOgsqS</a> and our business partners have not been spared in the use of these tactics, which has created… <a href="https://t.co/rlIe6swIoY" target="_blank">pic.twitter.com/rlIe6swIoY</a></p>&mdash; Binance.US 🇺🇸 (@BinanceUS) <a href="https://twitter.com/BinanceUS/status/1666996908651323393?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">June 9, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
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<p>On the other hand, Coinbase has continued to support the said securities tokens, despite the ongoing battle with the regulator.&nbsp;</p>



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<iframe title="Gary Gensler SHUT DOWN in Congress for LACK of Crypto Regulations." width="1020" height="574" src="https://www.youtube.com/embed/X9qw4fSz6mE?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe>
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<p>In an <a href="https://crypto.news/coinbase-affirms-support-for-tokens-amid-sec-lawsuit-no-delistings-planned/">interview</a> on June 7, the CEO of Coinbase, Brian Armstrong, made it clear that the exchange has “no plans to delist any of these assets” and will continue operating “business as usual” until a court determination is made.</p>




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            Bitcoin and global crypto market falls after US SEC sues Binance and Coinbase        </a>
    </p>

Recent SEC filing marks 67 altcoins as securities

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