SEC Adds More Cryptocurrencies to List of Securities, Bringing Total to 61

The US Securities and Exchange Commission (SEC) has added 10 cryptocurrencies to its list of 61 labeled as securities, following its lawsuit against Binance. The SEC has been litigating the crypto space for years and has outlined which cryptocurrencies it deems securities. Notable cryptocurrencies on the SEC's list include Ripple's XRP, LBRY Credits, and Algorand. SEC Chair Gary Gensler has claimed that "everything other than Bitcoin" falls under the agency's remit, covering over $100 billion worth of the market.

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