SEC declares 61 cryptocurrencies traded on Binance as securities, leading to a legal battle with Anthony Scaramucci and the future of digital assets in the US at stake

Binance, one of the largest cryptocurrency exchanges in the world, is facing yet another lawsuit from the United States Securities and Exchange Commission (SEC). According to recent reports from Cointelegraph and The New York Times, the SEC has now classified 61 cryptocurrencies traded on Binance as securities.

This new development follows allegations made by the SEC that Binance has mishandled funds and lied to regulators. The accusations were made public earlier this week and have caused significant outrage within the cryptocurrency community.

Anthony Scaramucci, founder of SkyBridge Capital, a cryptocurrency investment firm, has spoken out about the SEC’s lawsuit against Binance on CNBC. Scaramucci believes that the lawsuit is not just about Binance, but rather about the future of digital assets in the United States.

As a result of the news surrounding Binance, several Bitcoin and Ethereum-related stocks, including Marathon Digital Holdings (NASDAQ:MARA), have taken a hit in the markets. According to Benzinga, investors have been concerned about the potential impact of the lawsuit on the broader crypto industry.

In another report by Reuters, it has been revealed that Binance controlled the bank accounts of its US affiliate, despite the affiliate claiming to be independent. This news has raised further questions about Binance’s business practices and has added fuel to the fire of the ongoing legal battle with the SEC.

The situation surrounding Binance remains fluid, with the exchange yet to issue a formal statement regarding the SEC’s latest allegations. Nevertheless, this recent development further highlights the growing scrutiny being placed on the cryptocurrency industry and the urgent need for greater regulatory oversight.