Kenne Michael 
The Securities and Exchange Commission (SEC) has recently accused 61 cryptocurrencies of being securities, with the latest batch of 10 added through its lawsuit against Binance.
Notable cryptocurrencies deemed securities by the SEC include Ripple’s XRP, LBRY Credits (LBC) from LBRY, and Algorand (ALGO), among the five cryptocurrencies charged alongside Bittrex in April and in a separate case, the SEC charged Terraform Labs with fraud in February.
A total of 16 crypto assets, including Terra Luna Classic (LUNC), Terra Classic USD (USTC), Mirror Protocol (MIR), and around 13 Mirrored Assets (mAssets) aiming to mirror the price of stocks like Apple and Tesla, were labeled as securities.
CoinMarketCap reports that there are currently around 25,500 cryptocurrencies in existence. With its ongoing legal actions, the SEC has jurisdiction over more than $100 billion worth of the cryptocurrency market, accounting for approximately 10% of the total market capitalization of $1.09 trillion. This highlights the significant impact of the SEC’s lawsuits on the cryptocurrency market.
SEC Chair Gary Gensler has stated that, in the agency’s view, “everything other than Bitcoin” is considered a security falling within its purview. As a result, the SEC will likely continue to classify additional cryptocurrencies as securities. The SEC’s actions carry extensive implications for the cryptocurrency market, and its lawsuits are expected to influence how cryptocurrencies are traded and regulated in the future.
Today we charged Binance Holdings Ltd. (Binance); U.S.-based affiliate, BAM Trading Services Inc., which, together with Binance, operates https://t.co/swcxioZKVP; and their founder, Changpeng Zhao, with a variety of securities law violations.https://t.co/H1wgGgR5ir pic.twitter.com/IWTb7Et86H
— U.S. Securities and Exchange Commission (@SECGov) June 5, 2023
The SEC has classified several cryptocurrencies as securities including XRP, Telegram’s Gram (TON), LBRY Credits (LBC), OmiseGo (OMG), DASH, Naga (NGC), Monolith (TKN), IHT Real Estate (IHT), Power Ledger (POWR), Kromatica (KROM), DFX Finance (DFX), Amp (AMP), Rally (RLY), Rari Governance Token (RGT), DerivaDAO (DDX), XYO Network (XYO), Liechtenstein Cryptoasset Exchange (LCX), Kin (KIN), Salt Lending (SALT), Beaxy Token (BXY), DragonChain (DRGN), Tron (TRX), BitTorrent (BTT), Terra USD (UST), Luna (LUNA), Mirror Protocol (MIR), Mango (MNGO), Ducat (DUCAT), Locke (LOCKE), EthereumMax (EMAX), Hydro (HYDRO), BitConnect (BCC), Meta 1 Coin (META1), Filecoin (FIL), BNB (BNB), Binance USD (BUSD), Solana (SOL), Cardano (ADA), Polygon (MATIC), Cosmos (ATOM), The Sandbox (SAND), Decentraland (MANA), Axie Infinity (AXS), COTI (COTI), Paragon (PRG), and AirToken (AIR).
Additionally, the Mirror Protocol has 13 Mirrored Assets (mAssets) that copy the price of stocks such as Apple and Tesla, including Mirrored Apple Inc. (mAAPL), Mirrored Amazon.com, Inc. (mAMZN), Mirrored Alibaba Group Holding Limited (mBABA), Mirrored Alphabet Inc. (mGOOGL), Mirrored Microsoft Corporation (mMSFT), Mirrored Netflix, Inc. (mNFLX), Mirrored Tesla, Inc. (mTSLA), Mirrored Twitter Inc. (mTWTR), Mirrored iShares Gold Trust (mIAU), Mirrored Invesco QQQ Trust (mQQQ), Mirrored iShares Silver Trust (mSLV), Mirrored United States Oil Fund, LP (mUSO), and Mirrored ProShares VIX Short-Term Futures ETF (mVIXY).