June 16 (Cointime) - According to Bitcoin OG and educator Dan Held, proof-of-work coins that had a fair distribution at their launch are less likely to be considered securities by the U.S. SEC. The recent SEC lawsuit against Binance and Coinbase accused them of offering unregistered securities, causing many tokens to be delisted and their prices to drop. Held believes that tokens with fair or transparent launches, such as Litecoin, Dogecoin, and Monero, do not fit the SEC's definition of a security and are therefore less likely to be targeted. Held also notes that the current SEC crackdown is mainly focused on proof-of-stake coins with centralized ownership and that only decentralized cryptocurrencies like Bitcoin will survive in the long run.