CoinGecko’s SEC-Tracked Index of Top Alleged Securities Coins

CoinGecko has introduced a new index that tracks the largest crypto tokens that the U.S. Securities and Exchange Commission views as potential securities.

Cardano, Solano, TRON, and BNB are the top four crypto assets on the “Top Alleged Securities Coins” page in order of market capitalization.

A spokesperson for CoinGecko stated that the index was launched in the first week of August and was constructed by compiling a selection of the most prominent tokens that the SEC had previously designated to be securities.

The top 10 alleged securities tokens by market cap. Source: CoinGecko

In its most recent litigation against crypto exchange giants Coinbase and Binance, the financial regulator increased the total number of tokens it considers securities to 68, whereas CoinGecko only lists 24.

According to CoinGecko’s page, the top tokens included in the SEC’s litigated remit in the crypto space account for at least $84.9 billion of the market, or approximately 7.5% of the total market capitalization of $1.21 trillion.

Total market capitalization of alleged securities tokens. Source: CoinGecko

Gary Gensler, chairman of the Securities and Exchange Commission, has gone to great lengths to clarify that the vast majority of crypto assets should be deemed securities, having previously stated that “everything other than Bitcoin” is a security and thus falls under the agency’s purview.

If Gensler is correct, the SEC would regulate nearly every single one of the approximately 25,500 cryptocurrencies listed on the crypto data platform CoinMarketCap.