PA Chart | A chart showing the tokens that have been identified as securities by the US SEC

The U.S. Securities and Exchange Commission (SEC) is tightening its regulation of cryptocurrencies. After repeatedly stating that "everything other than Bitcoin is a security within the agency's purview," SEC Chairman Gary Gensler emphasized on June 6 that "we have already achieved the digitization of currencies such as the U.S. dollar and the euro, and we don't need more digital currencies." According to incomplete statistics from PANews, as of June 7, a total of 75 crypto tokens were identified as unregistered securities in the 29 cases charged by the SEC since 2017.