Popular crypto data platform CoinGecko has launched a separate menu service of cryptocurrencies that are considered securities by the SEC.
CoinGecko has released an index category of cryptocurrencies that are considered probable securities by the United States Securities and Exchange Commission (SEC). 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
CoinGecko, which provides various data services for the crypto industry, directly addressed the SEC-cryptocurrency issue with its latest move. 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, SEC Chairman Gary Gensler has 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.
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