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SEC Lawsuit Against Binance Intensifies, Labels Solana, Cardano, and Polygon as Unregistered Securities in October 2024

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Published Oct 18, 2024, 11:41 PM

The U.S. Securities and Exchange Commission (SEC) is intensifying its legal action against Binance and other cryptocurrency tokens, including Solana, Cardano, and Polygon. The regulator has asserted that these tokens are being traded as unregistered securities, countering any expectations that it might ease its scrutiny. This development indicates a continued crackdown on the cryptocurrency market, with Binance facing increased pressure for allowing users to trade these assets. The SEC's firm stance suggests a commitment to regulating the cryptocurrency space more rigorously.

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#SEC #Binance #Solana #Cardano #Polygon

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Crypto Town Hall

@Crypto_TownHall

SEC NOT LETTING GO OF SOLANA - MORE PRESSURE ON BINANCE Anyone hoping the SEC would back off Solana? Think again. They're ramping up, arguing SOL and others like Cardano and Polygon were traded as unregistered securities. Binance is still under fire for letting users trade… https://t.co/TG2FXFPS2a

Mario Nawfal’s Roundtable

@RoundtableSpace

SEC STILL CRACKING DOWN ON CRYPTO Thought the SEC was backing off? They just doubled down on Solana, Cardano, and Polygon, calling them unregistered securities. Binance's still getting heat for letting traders ape into these tokens. Regulators are going to regulate - this… https://t.co/YpVyOOHb08

OKX

@okx

Thank you, Bitcoin. https://t.co/R6WCfFox2l

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SEC Lawsuit Against Binance Intensifies, Labels Solana, Cardano, and Polygon as Unregistered Securities in October 2024

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