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Here is a Compilation of Tokens Identified as Securities by the SEC to Date
The cryptocurrency data aggregator CoinGecko has launched a new section on its website that displays the top 48 crypto assets classified as securities by the US SEC.
The total market capitalization of these digital currencies exceeds $91 billion, which constitutes 7.5% of the overall $1.21 trillion market cap.
- CoinGecko has unveiled a new index that monitors the performance of several prominent cryptocurrencies identified as securities by the SEC.
- The largest digital asset on this list, boasting a market cap of over $37 billion, is Binance Coin (BNB). It is succeeded by Cardano (ADA), Solana (SOL), Tron (TRX), and Polygon (MATIC). Collectively, these five tokens represent more than 75% of the total market capitalization of the 48 coins featured.
- CoinGecko’s new feature is a response to the legal actions taken by the US SEC against two major players in the industry – Binance and Coinbase.
- The Commission initiated lawsuits against the exchanges in early June, accusing them of breaching multiple regulations and providing trading services involving unregistered securities.
- It is important to note that the 48 cryptocurrencies listed in CoinGecko’s index do not encompass all the assets that the agency has designated as securities over time. Locke (LOCKE), Beaxy Token (BXY), Ducat (DUCAT), and Paragon (PRG) are examples of some that are not included.
- The largest cryptocurrency by market capitalization – Bitcoin (BTC) – is also absent from the list. The SEC’s Chairman, Gary Gensler, has previously asserted that this is the sole digital asset that could be regarded as a commodity.
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