All but a couple of the 19 tokens mentioned in the suit, which accuses the exchange giants of violating securities laws, have sunk by double-digits over the past seven days with CHZ and SAND, the tokens of the Chiliz network and The Sandbox metaverse game, falling more than 28% and 27%, respectively and ADA, the native crypto of the Cardana blockchain, dropping over 21% as investors looked fretfully at an an increasingly uncertain U.S. regulatory environment in which cryptos have yet to receive a designation as security, commodity or otherwise.
Source: https://www.coindesk.com/markets/2023/06/13/first-mover-asia-binances-exchange-flow-flips-positive-bitcoin-trades-flat/?utm_medium=referral&utm_source=rss&utm_campaign=headlines