ChainCatcher reported that according to Cointelegraph, the U.S. Securities and Exchange Commission (SEC) has expanded the scope of its lawsuit against Binance. The SEC's updated legal documents list tokens such as Axie Infinity (AXS), Filecoin (FIL), Cosmos (ATOM), The Sandbox (SAND) and Decentraland (MANA) as unregistered securities.
The SEC accused Binance and its U.S. affiliate BAM Trading of facilitating trading in these tokens and promoting their potential investment returns to customers. The regulator reiterated that Binance illegally operated as an unregistered exchange, broker-dealer, and clearing house and failed to provide adequate disclosures about the risks and legality of token trading.
