SEC Lists Nine Crypto Tokens as Securities Following Coinbase Insider Trading Charges

The SEC lists nine crypto tokens in the "Coinbase Insider Trading" matter as securities, namely $AMP, $RLY, $DDX, $XYO, $RGT, $LCX, $POWR, $DFX, and $KROM. "Our message with these charges is clear: fraud is fraud is fraud, whether it occurs on the blockchain or on Wall Street," wrote the SEC in its complaint. In response, Coinbase said that laws in the US are not keeping up with the digital world and need fixing. In addition, Coinbase has submitted a petition to the SEC that the SEC should develope rules for what it describes as "digital asset-based securities".