![]() The result has been a massive chilling effect on the crypto market with regard to the sale of these blockchain-based digital assets-which may or may not actually be a good thing, depending on who you ask. And, according to statements from SEC Chairman Jay Clayton and Director William Hinman, that means just about any token could potentially land in the SEC’s crosshairs-with the exception of Bitcoin and, possibly, Ethereum. After waging a number of high-profile civil enforcement actions against various crypto startups over alleged violations of federal laws, the SEC has made it clear that it will bring down the hammer on anyone shilling tokens that regulators believe qualify as securities. ![]() Securities and Exchange Commission, after all, does not play around. The criteria laid out in the company's risk assessment framework places a strong emphasis on the importance of evaluating the way in which each token that the exchange lists “will affect Binance US’s ability to comply with applicable legal requirements,” including securities laws. ![]() Interestingly, Binance’s statement indicates that crypto trading staples, such as Bitcoin and Ethereum, are still being evaluated “to ensure they meet our listing criteria for Binance US.” The same is true of even the company’s own token, BNB. ![]() In a statement to its users, the company said that it has adopted a Digital Asset Risk Assessment Framework, designed to “help select bona fide blockchain projects with a real chance of making the world more efficient, to provide transparency in our listing standards, and to ensure Binance US’s compliance with applicable legal requirements.”Īll in all, Binance US is currently evaluating 30 token projects for inclusion on its exchange: ADA, ATOM, BAT, BCHABC, BNB, BTC, DASH, EOS, ETC, ETH, HOT, IOTA, LINK, LOOM, LTC, MANA, NANO, NEO, PAX, REP, RVN, TUSD, USDC, USDT, VET, WAVES, XLM, XRP, ZIL, ZRX. ![]()
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