CoinGecko Launches Index for Crypto Tokens Alleged as SEC Securities, Valued at $91 Billion
Cryptocurrency data aggregator CoinGecko has introduced a new category that lists cryptocurrencies that have been designated as securities by the United States Securities and Exchange Commission (SEC).
This move comes in response to the growing need for clarity in the complex regulatory landscape surrounding digital assets in the country.
The newly launched "Top Alleged Securities Coins" section on CoinGecko's platform presents a curated selection of crypto assets that have previously come under the scrutiny of the financial regulator for their potential classification as securities.
These tokens are sorted based on their market capitalization, with Binance Coin (BNB) taking the lead position. Notable tokens such as Cardano (ADA), Solana (SOL), and Tron (TRX) follow suit in the list.
CoinGecko's spokesperson revealed that the index was meticulously assembled by compiling tokens that had been subject to SEC-related lawsuits in the past.
Currently, this category consists of 24 tokens. However, it's worth noting that the SEC, in its recent lawsuits against top cryptocurrency exchanges Coinbase and Binance, has identified 68 cryptocurrencies as securities; the market cap of these tokens amount to nearly 10% of the entire crypto market cap.
SEC Chair Gary Gensler's assertion that "everything other than Bitcoin" should be regarded as a security has sparked discussions within the crypto community. If this perspective is upheld, it could potentially bring a significant portion of the approximately 25,500 cryptocurrencies listed on platforms like CoinMarketCap under SEC jurisdiction.
Crypto Data Aggregators Introduce Specific Categories For Alleged “Security Tokens”
Along with CoinGecko, other cryptocurrency data aggregators like
Read more on cryptonews.com
