On September 13th, Cointelegraph reported that in the latest development of the SEC's lawsuit against Binance, the SEC accused Binance and its U.S. affiliate BAM Trading of facilitating trading of tokens currently considered unregistered securities. The accusation claims they actively promoted these newly classified security tokens to customers, emphasizing their potential investment returns.

The SEC's updated legal documents now categorize additional tokens as securities, including Axie Infinity (AXS), Filecoin (FIL), Cosmos (ATOM), Sandbox (SAND), and Decentraland (MANA), reflecting the SEC's trend of classifying digital assets as securities.

The SEC's revisions to the complaint also reiterate its stance that Binance operated illegally as an unregistered exchange, broker-dealer, and clearing agency. Throughout the relevant period, Binance "utilized the means and instrumentalities of interstate commerce in the business of effecting transactions in securities, for the account of others." In the suit, the SEC also pointed out that Binance failed to provide adequate risk and legitimacy disclosures regarding tokens traded on its international and U.S. platforms.