According to CoinGecko, approximately $85 billion worth of cryptocurrency is categorized as “alleged SEC securities.” CoinGecko has launched an index called “Top Alleged Securities Coins” which ranks crypto assets by market capitalization based on their likelihood of being considered securities by the United States Securities and Exchange Commission (SEC). The index includes tokens that have been deemed securities by the SEC in previous lawsuits. However, the SEC’s recent lawsuits against Coinbase and Binance have identified a total of 68 tokens as securities, while CoinGecko’s index only lists 24. These alleged securities tokens represent around 7.5% of the total crypto market capitalization, which is currently valued at $1.21 trillion. SEC Chair Gary Gensler has stated that the majority of crypto assets should be considered securities, suggesting that most of the 25,500 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 includes 24 tokens, while the SEC’s recent lawsuits have identified 68 tokens as securities.
– The alleged securities tokens represent approximately $85 billion of the total crypto market capitalization.
– SEC Chair Gary Gensler believes that most crypto assets should be considered securities, potentially subjecting thousands of cryptocurrencies to SEC regulation.
