According to CoinGecko, around $85 billion worth of cryptocurrency is categorized as “alleged SEC securities.” CoinGecko has launched an index called “Top Alleged Securities Coins” that tracks the largest crypto tokens viewed as likely securities by the United States Securities and Exchange Commission (SEC). The index lists tokens that have been deemed securities by the SEC in past lawsuits. However, the SEC’s recent lawsuits against Coinbase and Binance have brought the total number of tokens it views as securities to 68, while CoinGecko only lists 24. These alleged securities tokens cover approximately 7.5% of the total crypto market capitalization. SEC Chair Gary Gensler has stated that the majority of crypto assets should be considered securities, which would mean that most of the cryptocurrencies listed on CoinMarketCap would fall under the SEC’s regulation.
Summary:
– CoinGecko has launched an index tracking crypto tokens viewed as likely securities by the SEC.
– The index lists 24 tokens, while the SEC views 68 tokens as securities.
– The alleged securities tokens cover around 7.5% of the total crypto market capitalization.
– SEC Chair Gary Gensler believes that most crypto assets should be considered securities.