SEC expands lawsuit against Binance: AXS, FIL and ATOM recognized as securities

The SEC has expanded its lawsuit against Binance, adding Axie Infinity (AXS), Filecoin (FIL) and Cosmos (ATOM) to the list of unregistered securities. Also included in the suit are Sandbox (SAND) and Decentraland (MANA). The SEC accuses Binance and its U.S. partner BAM Trading of promoting these tokens as investment assets in violation of securities laws.

The expansion of the lawsuit is part of the SEC's strategy to tighten its grip on the crypto industry.