According to Mark Cuban (mcuban), the SEC has made it impossible to know which tokens are securities. See what else he mentioned -
SEC Made it ‘Impossible to Know’ Which Tokens Are Securities: Mark CubanThe SEC’s instruction is so unclear that even an “army of securities lawyers” could not say which crypto assets classify as securities, Cuban argued.
The agency has not been kind to the crypto sector and recently filed lawsuits against two of the largest exchanges – Binance and Coinbase. It also claimed that some leading digital assets, including BNB, SOL, ADA, and MATIC, operate as unregistered securities.
The main accusation is that the platform operated “unregistered national securities exchanges, broker-dealers, and clearing agencies.” According to the regulator, Binance’s unlicensed products include certain lending offerings, a staking program, the native token BNB and a fiat-backed stablecoin BUSD.with its harsh actions with another lawsuit against Coinbase a day later.
“Coinbase has elevated its interest in increasing its profits over investors’ interests and over compliance with the law and the regulatory framework that governs the securities markets,” the Commission stated.
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