US SEC Brands Solana (SOL), Cardano (ADA), Polygon (MATIC) As Securities

Crypto Market News: Few months after the U.S. Commodity Futures Trading Commission (CFTC) filed a lawsuit against top crypto exchange Binance, the U.S. Securities and Exchange Commission (SEC) had on Monday followed suit by charging the company with mishandling user funds and lying to regulators. Interestingly, the agency called several cryptocurrencies including some of the top 10 ranked tokens, as securities. Meanwhile, the new SEC Binance lawsuit comes as yet another major stumbling block not just for Binance but the entire crypto market.