According to the CFTC (Commodity Futures Trading Commission), only Bitcoin, Ethereum and Litecoin are classified as commodities and not on the list of crypto assets accused of being securities by the SEC
At dawn on June 6, the SEC released notices on the legal status of several crypto assets in its lawsuit against Binance and CZ. Accordingly, the SEC stated that 61 cryptocurrencies, including Binance Coin (BNB), Cardano (ADA), Polygon (MATIC), Solana (SOL)… are considered securities.
Similar to Ripple’s XRP being classified as a security by the SEC 3 years ago, when a token is classified as a security, it is subject to stricter oversight regulations and the risk of a sell-off is only time problem.
However, there is one coin that could benefit from this move by the SEC, and that is Litecoin (LTC). Because Litecoin is not on the list of SEC declarations and is considered a commodity by the CFTC.
This divergence in the current landscape could make Litecoin an alternative investment option, which could lead to increased demand and value, especially as the Litecoin Halving approaches.
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