Breaking: SEC Alleges Cardano (ADA), Solana (SOL) and Polygon (MATIC) Are Securities

that a slew of popular cryptocurrencies, including Cardano , Solana , and Polygon , are unregistered securities in a lawsuit against the world's largest crypto exchange Binance and its CEO Changpeng Zhao .

Notably, the lawsuit also identifies Binance's BNB and the BUSD stablecoin as securities, amplifying the gravity of the situation. The extensive list of crypto asset securities, as detailed in the suit, includes, among others, FIL, ATOM, SAND, MANA, ALGO, AXS, and COTI. Additionally, the lawsuit points out that Binance has listed for trade crypto assets that have previously been the subject of SEC enforcement actions, including AMP, REP, UST, and TRX tokens, thus indicating a pattern of potentially reckless disregard for securities regulations.

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