U.S. SEC classifies additional tokens including AXS, FIL and ATOM as securities

The United States Securities and Exchange Commission (SEC) has broadened its lawsuit against crypto exchange Binance by expanding its claims to include additional tokens as securities. According to Cointelegraph, the updated legal filings from the SEC now classify tokens like Axie Infinity (AXS), Filecoin (FIL), Cosmos (ATOM), Sandbox (SAND) and Decentraland (MANA) as securities. The lawsuit between the SEC and Binance also alleges that Binance and its U.S. affiliate, BAM Trading, have facilitated trading in these unregistered securities. The SEC argues that Binance platforms have actively promoted these tokens to customers, emphasizing their potential investment returns. Previously, the SEC had identified cryptocurrencies like BNB, BUSD, SOL and ADA as securities.