2023-06-14
Recently, some big players in the crypto market have come under scrutiny. The US Securities and Exchange Commission (SEC) has taken action against Binance, a major cryptocurrency exchange, claiming that they broke federal securities laws in multiple ways.
The lawsuit accuses Binance of operating trading platforms for securities without proper registration and selling crypto assets that are considered securities without the required registration. The focus of the controversy is on Binance’s BNB token and the BUSD stablecoin, which were offered to the public without meeting the necessary legal requirements.
What is the SEC LawSuit All About?
According to the SEC, Binance allowed the trading of crypto assets that should be treated as securities. It seems that the SEC is broadening its definition of what qualifies as a security. This SEC lawsuit has crashed Cardano, MANA, ALGO, which might now be considered securities as well. The SEC also alleges that Binance violated securities laws through its staking service. Additionally, Binance mixed customer funds together, which goes against normal financial regulations.
This lawsuit raises important questions about the nature of crypto assets. If these tokens are classified as securities, the exchanges that offer them will face stricter regulations.
It’s worth noting that Ethereum (ETH) and Litecoin (LTC) are not included in the list of tokens mentioned in the lawsuit. DigiToads is developed on the ERC20 platform, so it is faring well in today’s market. It is one of the best cryptos to invest in and add to your portfolio. The meme coin comes with a purpose and experts believe it can transform into a stable crypto asset unlike Cardano, ALGO, and MANA as they lost their momentum in the market.
DigiToads is Not Going to Fade Away Anytime Soon
What is the reason behind the high demand for DigiToads? The functional characteristics of the DeFi crypto make it a desirable cryptocurrency asset while ensuring a massive price increase. DigiToads is a meme coin with a big twist as it strives to become one of the top cryptocurrencies and P2E tokens among popular projects.
The DeFi coin provides extraordinary income potential to investors while playing a major role crypto for its community members. One of the top features available to DigiToads NFT holders is NFT staking. This makes it one of the best NFTs. TOADS stakeholders and NFT investors will be rewarded considerably through tokens using 2% of the TOADS tax as long as they stake their NFT tokens.
The project is going to host on-chain trading contests that will offer Platinum Toads each month for a year. Thus, 12 Platinum Toads will be available for grabs. Holders of Platinum Toads will get remote access to 1/12 of the TOADS treasury. They can then use it for trading and seeking profit with 10% of the gains from trading with the help of TOADS will be distributed to all Platinum Toads holders.
The tokenomics state that 2.5% of the TOADS tax secured from each TOADS transaction is going to be burned for creating a deflationary effect. Its increasing demand for TOADS tokens will also increase its market value. Thus, TOADS investors can expect to grab a stable income on the investments they are making, irrespective of the condition of the crypto space. The platform offers TOADS token holders monthly airdrops and offers them access to trading and gaming events, has been designed as a stake-to-earn and play-to-earn universe.
All these features enable TOADS holders to improve the number of cryptos they own. New crypto investors can get in on the action and tap into the weekly benefits as its multi-stage presale continues.
Bottom Line
Crypto projects, such as MANA, Cardano, and ALGO are fading due to the SEC lawsuit. DigiToads with its deflationary token, the early success of TOADS tokens, and practical utilities even before its official listing has become one of the most cryptocurrency assets in 2023.
Its deflationary TOADS coin is now priced at $0.036 while it is still in its seventh presale stage. Until now, the project has already raised more than $4.7 million. It has become a high-selling and top crypto to buy today.