3 Explosive SEC Safe Coins: Unveiling the Top Picks

The SEC’s Classification of Cryptocurrencies

The US Securities and Exchange Commission (SEC) has labeled over 60 cryptocurrencies as securities due to its lawsuits against various crypto firms. This year, the SEC sued Kraken, Binance, and Coinbase, and expanded its list of securities in the case against Binance. However, not all cryptocurrencies are classified as securities, and it is important to know which ones are safe to explore.

Binance USD (BUSD)
Solana (SOL)
Cardano (ADA)
Polygon (MATIC)
Cosmos (ATOM)
The Sandbox (SAND)
Decentraland (MANA)
Axie Infinity (AXS)
COTI (COTI)

Tokens Deemed Safe

Amidst regulatory uncertainty, there are several cryptocurrencies that are considered safe based on current SEC policies:

STX (Stacks): STX was the first token approved by the SEC. It can now be traded by US investors on US exchanges since the launch of Stacks Blockchain 2.0.

DOT (Polkadot): The SEC has not classified DOT as a security. The Web3 Foundation, which oversees Polkadot, claims to have complied with SEC policies to ensure DOT’s status as a non-security.

EWT (Energy Web Token): EWT is a decentralized blockchain network for the energy sector. The creators believe it is not a security and have taken steps to ensure compliance with SEC regulations.

Hot Take

Until the SEC provides more clarity on its classification of cryptocurrencies, it is safer to explore tokens that are not considered securities. STX, DOT, and EWT are examples of tokens that have been deemed safe based on current SEC policies.

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