ChainCatcher reports, according to Cointelegraph, that the U.S. Securities and Exchange Commission (SEC) has expanded its lawsuit against Binance. Updated legal documents from the SEC categorize tokens like Axie Infinity (AXS), Filecoin (FIL), Cosmos (ATOM), The Sandbox (SAND), and Decentraland (MANA) as unregistered securities.

The SEC alleges that Binance and its U.S. affiliate, BAM Trading, facilitated trading of these tokens and promoted their potential investment returns to customers. The regulator reiterates that Binance operated illegally as an unregistered exchange, broker-dealer, and clearing agency, failing to provide adequate disclosures about the risks and legality of token trading.