CoinGecko Launches Index for Crypto Tokens Potentially Classified as Securities

In a move to provide greater transparency and insights to investors, CoinGecko recently unveiled its latest index, the “Top Alleged Securities Coins.” This new index aims to track the largest crypto tokens that have been considered potential securities by the United States Securities and Exchange Commission (SEC).

The index organizes the selected crypto assets based on their market capitalization, with BNB taking the top spot, followed by ADA, SOL, and TRX. A spokesperson from CoinGecko confirmed that the index was launched in the first week of August and was carefully curated by including the most notable tokens that had been previously categorized as securities in past lawsuits brought forth by the SEC.

Interestingly, despite recent SEC lawsuits targeting major crypto exchanges like Coinbase and Binance, which led the regulator to classify a total of 68 tokens as securities, CoinGecko’s index currently lists only 24 tokens under its “Top Alleged Securities Coins.”

According to data on CoinGecko’s page, the crypto tokens featured in the SEC’s litigated scope of the crypto space represent a combined market capitalization of at least $84.9 billion, constituting approximately 7.5% of the entire crypto market’s valuation, which stands at $1.21 trillion.

Meanwhile, SEC Chair Gary Gensler has taken a firm stance on the classification of crypto assets. He has made efforts to clarify that the vast majority of cryptocurrencies should be considered securities, asserting that “everything other than Bitcoin” falls within the agency’s regulatory purview.

If Gensler’s interpretation is upheld, it would imply that nearly all of the roughly 25,500 cryptocurrencies listed on the popular crypto data platform CoinMarketCap would be subject to SEC regulation.

As the cryptocurrency landscape continues to evolve and regulatory scrutiny intensifies, CoinGecko’s new index offers investors a valuable tool to stay informed about tokens that might be subject to securities regulations, enabling them to make more informed decisions in an increasingly complex market.

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