The report stated that the SEC believes that most cryptocurrencies should be considered securities, and therefore cryptocurrency companies and trading platforms should be regulated by it and abide by the regulatory framework currently applicable to other securities. However, the analyst team pointed out in the report that this is not a simple and clear legal issue, and it is not yet certain which cryptocurrencies will be classified as securities. The SEC’s lawsuit against Ripple is a major challenge in the legal community.

Just last week, the SEC announced a lawsuit against Binance, Binance founder and CEO Changpeng Zhao, and Binance US operating companies, alleging violations of federal securities laws. Immediately afterwards, the SEC filed a lawsuit with similar accusations against competitor Coinbase. These moves further highlight regulators’ focus on and tracking of the cryptocurrency market. #合约锦标赛 #Binance