Popular crypto data platform CoinGeckohas launched a different menu service of cryptocurrencies, which are considered securities by the SEC.
CoinGecko, United States Securities and Exchange Commission ( SEC ) has published an index category of cryptocurrencies seen as possible securities. According to data from the platform, the tokens included in the SEC’s radar have a market value of $84.9 billion. This accounts for approximately 7.5 percent of the total crypto market value of $1.21 trillion.
The new index is only relevant to the SEC
Offering a variety of data services for the crypto industry CoinGecko , with its latest move, directly addressed the SEC-cryptocurrencies issue. CoinGecko, which made a special category for cryptocurrencies defined by the SEC as securities, attracted attention with this move.
A CoinGecko spokesperson stated that the index was launched in the first week of August and was created by compiling the most notable tokens considered securities by the SEC in past lawsuits. Additionally, the SEC Chairman Gary genshas previously claimed that everything other than Bitcoin is a security.
Stating that most of the cryptocurrencies should be considered as securities, Gensler continues his efforts on the subject. If Gensler is right, it means that almost every single one of the approximately 25,500 cryptocurrencies listed on CoinMarketCap will be regulated by the SEC.
