It's now difficult to find a cryptocurrency with a top 10 market cap that the US Securities and Exchange Commission doesn't think is an unregistered security. The recent SEC lawsuit against Binance (BNB-USD) specifically cited nearly a dozen digital assets that included some of the top altcoins in the market like Solana (SOL-USD), Polygon (MATIC-USD), and Cardano (ADA-USD). Unlike the others mentioned, Cardano is not a network that I've previously covered for Seeking Alpha as I've never found the level of activity on the chain to be all that impressive.