TechFlow news, September 13 — According to Cointelegraph, the U.S. Securities and Exchange Commission (SEC) has expanded the scope of tokens involved in its lawsuit against Binance. Updated legal filings from the SEC classify tokens including Axie Infinity (AXS), Filecoin (FIL), Cosmos (ATOM), The Sandbox (SAND), and Decentraland (MANA) as unregistered securities.
The SEC alleges that Binance and its U.S.-based affiliate BAM Trading facilitated trading of these tokens and promoted their potential investment returns to customers. The regulator reiterated that Binance operated illegally as an unregistered exchange, broker-dealer, and clearing agency, failing to provide proper disclosures regarding the risks and legal status of token trading.
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