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CoinGecko, a crypto data platform, has unveiled a new index to track the top cryptocurrencies evaluated as potential securities by the SEC.
Recently, securities have become a significant topic in the crypto market. Regulatory bodies in the US, in particular, are paying close attention to the definition of securities in the crypto industry. Discussions regarding securities between cryptocurrency-related companies and regulators are being settled in courts.
As known, the US Securities and Exchange Commission (SEC) has increased the number of tokens it assesses as securities to 68, following lawsuits against firms like Coinbase and Binance. However, CoinGecko only includes 24 of them in its list.
CoinGecko lists cryptocurrencies by market value on its newly launched ‘Top Alleged Securities Coins’ page. For the list, click here.
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In this list, Binance Coin (BNB) ranks first, followed in order by Cardano (ADA), Solana (SOL), and Tron (TRX). Furthermore, according to CoinGecko, the tokens that SEC assesses as securities in the crypto market represent at least $84.9 billion, accounting for 7.5% of the total market.
Alongside all this, SEC Chairman Gary Gensler insists that most assets in the crypto market are securities and, therefore, fall under the agency’s purview. With his statements, he clarified the need to recognize the vast majority of crypto assets as securities, indicating this includes cryptocurrencies beyond just Bitcoin.