The US SEC last week labelled Polygon and other popular cryptocurrencies unregistered securities in a lawsuit filed against crypto exchange Binance. The SEC named Solana (SOL), Cardano (ADA), Cosmos Hub (ATOM), Filecoin (FIL), Decentraland (MANA), Algorand (ALGO), The Sandbox (SAND), Coti (COTI), and Axie Infinity (AXS) as unregistered securities.