CoinGecko has launched an index of cryptocurrencies that the SEC has labeled as securities

CoinGecko has launched an index of cryptocurrencies that the SEC has labeled as securities

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Author: Robert Strickland (crypto expert)
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CoinGecko has launched an index of cryptocurrencies that the SEC has labeled as securities

The aggregate market capitalization of the listed cryptocurrencies as of August 7 was about $91.2 billion


 

Data service CoinGecko has launched a new index - Top Alleged Securities Coins - to track the largest cryptocurrencies that the U.S. Securities and Exchange Commission (SEC) has labeled as securities.

The platform launched the index in the first week of August. It includes the most popular coins that the US regulator has recognized as securities in several proceedings.

Cryptocurrencies on the corresponding page are ranked by market capitalization. As of August 7, BNB ($37.2 billion) tops the list, followed by Cardano ($10.2 billion), Solana ($9.3 billion) and TRON ($6.8 billion).

The combined market capitalization of the cryptocurrencies on the list as of Aug. 7 is about $91.2 billion, according to the service.

A U.S. federal court on July 13 issued a verdict that neither sales nor other forms of token distribution, nor sales of XRP tokens to private investors equate to investment contract transactions, meaning the tokens are not recognized as securities. Ripple Labs General Counsel Stuart Alderoti noted that the SEC does not have unlimited authority to regulate cryptocurrencies and called the court ruling a "big win."

 

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