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SEC Lawsuit Against Binance Highlights Crypto Assets Viewed as Securities

The SEC has filed a lawsuit against Binance and its CEO for allegedly lying to regulators about operations and conducting unregistered offers and sales of securities to US investors. The agency's stance on certain crypto assets being securities has caused a stir in the industry. The SEC considers Binance's BNB and BUSD tokens, as well as other assets traded on the exchange, to be securities offered as investment contracts. The filing includes 53 pages of context on 12 specific crypto assets, highlighting the SEC's stance that most cryptocurrencies (excluding Bitcoin) are securities.

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