CoinGecko launched a brand new index monitoring the most important crypto tokens seen as probably securities by america Securities and Trade Fee (SEC).
The ‘Prime Alleged Securities Cash’ web page kinds the collection of crypto property by market capitalization, putting Binance Coin (BNB) on the prime of the listing — adopted by Cardano (ADA), Solana (SOL) and TRON (TRX).
A CoinGecko spokesperson advised Cointelegraph that the index was launched within the first week of August and was constructed by compiling a collection of probably the most notable tokens which had been deemed securities by the SEC in previous lawsuits.
In its most up-to-date lawsuits towards crypto trade giants Coinbase and Binance, the monetary regulator introduced the variety of tokens it views as securities up a grand complete of 68 — whereas CoinGecko solely lists 24.
In keeping with CoinGecko’s web page, the highest tokens included within the SEC’s litigated remit of the crypto house cowl at the least $84.9 billion of all the market, roughly 7.5% of the $1.21 trillion complete crypto market capitalization.
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In the meantime, SEC Chair Gary Gensler has gone to nice lengths to make clear that the overwhelming majority of crypto property needs to be thought of securities, having beforehand claimed that “the whole lot aside from Bitcoin” is a safety, and thus falls beneath the company’s remit.
If Gensler is appropriate, it could imply that just about each final one of many roughly 25,500 cryptocurrencies listed on crypto knowledge platform CoinMarketCap could be regulated by the SEC.
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