The SEC accuses Binance of illegally soliciting American investors to buy, sell, and trade cryptocurrencies, as well as offering earning programs like BNB Vault and Simple Earn, and staking investment plans. Additionally, the SEC accuses Binance of intentionally evading U.S. regulations. The tokens sold by Binance US that the SEC considers securities include BNB, BUSD, SOL, ADA, MATIC, FIL, ATOM, SAND, MANA, ALGO, AXS, and COTI.
The SEC emphasizes that the listed tokens are "including but not limited to." It's worth noting that the largest cryptocurrencies by market capitalization, such as BTC and ETH, as well as the largest stablecoins like USDC and USDT, were not listed, but BUSD was mentioned as a security. Previously, the Chairman of the U.S. SEC had stated that cryptocurrencies other than Bitcoin may be considered securities.