The popular provider of cryptocurrency fundamentals, CoinGecko, has gained attention for its latest addition to the platform. This new index is designed to track the most prominent cryptocurrency tokens, which are currently under examination by the United States Securities and Exchange Commission (SEC) for potential classification as securities.
As featured by the “Top Alleged SEC Securities Coins” section, the CoinGecko platform organizes a range of cryptocurrency assets according to their market capitalization. Noteworthy is the leading spot taken by BNB on this roster, closely followed by Cardano, Solana, and Tron.
The spokesperson from CoinGecko highlighted that the index was introduced during the initial week of August. It was meticulously crafted by curating a collection of prominent tokens, such as BNB, ADA, SOL, TRX, Matic, and others. These tokens were previously categorized as securities by the SEC in various legal cases.
The concept for this index page emerged in response to the recent legal actions targeting major crypto exchange giants like Coinbase and Binance. These actions prompted the financial regulatory body to expand its list of tokens classified as securities to a total of 68.
According to data from CoinGecko, the market capitalization of Top Alleged SEC Securities Coins observes at $91.3 billion at press time, along with an 8.5% overnight gain.
Gary Gensler, the SEC chair, has emphasized that the majority of crypto assets ought to be treated as securities, reiterating his view that all cryptocurrencies except for Bitcoin fall into this category.
