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70 sats \ 2 replies \ @orthwyrm 5 Jun 2023 \ on: The SEC has accused Binance of mishandling customer funds bitcoin
Seems like they're going after some big boy shitcoins like Cardano and Solana too:
https://nitter.net/MetaLawMan/status/1665756841073074177#m
Not Polkadot, seems Gavin Wood focusing on decetralization did play out.
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The document is worded in an "included, but not limited to" kinda way.
I'm noticing that influencers are saying "See! XYZ wasn't mentioned in the filing, therefore it's not a security!". But given that so many shitcoins exist at this point, they probably weren't all included in the document for brevity's sake. For example, XRP isn't mentioned despite being subject to an ongoing lawsuit.
Anything with a pre-mine, staking and/or known founders will be targeted. Polkadot is a prime example of this.
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