CoinGecko Launches Index for Crypto Tokens Alleged as SEC Securities Valued at $91 Billion. CoinGecko, one of the leading cryptocurrency data aggregators, has announced the launch of a new category that lists crypto tokens that have been alleged as securities by the US Securities and Exchange Commission (SEC).
CoinGecko’s New Category is in Compliance with the SEC
The new category, called “Top Alleged Securities Coins”, features 48 tokens that have been subject to SEC-related lawsuits or investigations in the past. These tokens have a combined market capitalization of $91.5 billion, accounting for about 7% of the total crypto market cap.
The move comes as a response to the growing demand for clarity and transparency in the complex and uncertain regulatory landscape surrounding digital assets in the US. The SEC has been actively pursuing various aspects of the crypto industry, such as initial coin offerings (ICOs), decentralized exchanges (DEXs), and lending platforms, for potential violations of securities laws.
The SEC’s stance is that most crypto tokens, except for Bitcoin and Ethereum, should be considered securities and therefore subject to its jurisdiction and regulations. This perspective has sparked debates and controversies within the crypto community, as many argue that such a broad and rigid classification would stifle innovation and growth in the sector.
CoinGecko’s new category aims to provide investors with an easy way to track and monitor the tokens that have been designated as securities by the SEC, similar to how sectors are organized in traditional stock markets. The category includes various types of tokens, such as layer 1s, smart contract platforms, stablecoins, and utility tokens.
Some of the notable tokens in the list are Binance Coin (BNB), Cardano (ADA), Solana (SOL), and Tron (TRX), which rank among the top 10 cryptocurrencies by market cap. These tokens have been involved in legal disputes with the SEC over their status as securities or their association with platforms that offer securities-related services.
CoinGecko is not the only cryptocurrency data aggregator that has introduced a specific category for SEC-designated securities. CoinMarketCap, another popular platform, has also launched a similar category called “Alleged SEC Securities Tokens”, which features 65 tokens with a total market cap of $87.3 billion.
These categorizations aim to help investors navigate the changing regulatory dynamics and their impact on token prices. They also reflect the industry’s efforts to address regulatory complexities and provide clearer insights into the evolving cryptocurrency landscape.
