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CoinGecko launches index of tokens the SEC considers securities

CoinGecko launches index of tokens the SEC considers securities

The analytical service CoinGecko has created a separate category for tokens that the U.S. Securities and Exchange Commission regards as securities.

Data: CoinGecko.

According to the page titled Top Alleged SEC Securities Coins by Market Cap, the combined market capitalization of the largest such assets stands at $91.2 billion. Over the last 24 hours, the figure rose by 8.3%.

Among the leading tokens tracked by the service in this category are BNB ($37.2 billion), Cardano ($10.2 billion), Solana ($9.3 billion) and TRON ($6.9 billion).

In a comment to Cointelegraph, a CoinGecko representative said the index was launched in the first week of August by assembling a selection of the most noticeable altcoins deemed securities by the SEC.

In the latest court proceedings in lawsuits against Coinbase and Binance, the regulator increased its list of such assets to 68 positions. The service included 48 tokens in the category at the time of writing.

The ranking is closed by altcoins such as FTT the fallen exchange FTX or the devalued EMAX project from EthereumMax, whose market capitalizations are unknown.

In April, SEC Chair Gary Gensler stated that, under the law, all cryptocurrencies are securities. Earlier he made an exception for Bitcoin.

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