Binance lawsuit hits altcoin ── Bitcoin also breaks $ 26,000 | coindesk JAPAN | Coindesk Japan

Altcoins have been hit hard by the U.S. Securities and Exchange Commission (SEC) suing Binance, CEO Zhao and others.

The complaint alleges that Binance provided a number of unregistered securities, including Binance Coin (BNB) and stablecoin Binance USD (BUSD), as well as Solana (SOL), Cardano (ADA) and Polygon (MATIC). , COTI, Algorand (ALGO), Axy Infinity (AXS), Filecoin (FIL), Cosmos (ATOM), The Sandbox (SAND), Decentraland (MANA) were also mentioned. .

In response to this news, the entire crypto asset market has fallen, with most of the above crypto assets dropping by 5% to 10%.

Aleksander Leonard of Sky Mavis, creator of the popular play-to-earn game Axie Infinity, on the potential impact of regulation Larsen, the COO, is “investigating the impact” and said, “Not much will change. We will continue to make products as they are.”

Polygon declined to comment, and other cryptocurrency issuers were not available for comment at the time of writing.

Prices of crypto assets deemed securities by the SEC (Lyllah Ledesma/Messari)

Bitcoin (BTC) is down 5% near $25,800 and Ethereum (ETH) is down 4.5% near $1,811.

｜Translation: coindesk JAPAN
｜Editing: Takayuki Masuda
| Image: Lyllah Ledesma/Messari
｜Original: Cryptocurrencies Crash After the SEC Charges Binance With Sale of Unregistered Securities