- The analytics portal CoinGecko has launched a new index.
- It tracks price fluctuations of those assets that the SEC has classified as securities.
- At the time of writing, 48 tokens with a total capitalization of over $91 billion are listed.
Gecko Labs, developer of the analytics portal of the same name, has launched a new index. It reflects the changing performance of those tokens that the U.S. Securities and Exchange Commission (SEC) positions as securities.
There are 48 items listed, including assets such as BNB, SOL, TRX, MATIC, TON, FIL, ALGO:
The share of these assets in the total market capitalization exceeds $91 billion:
In comments to Cointelegraph, a spokesperson for the development studio noted that the tool was launched in early August 2023. The selection is made up of the largest tokens that have appeared in recent SEC proceedings.
Remember, in a lawsuit against cryptocurrency exchange Binance, the regulator designated assets with a total capitalization of $115 billion as securities.
Polygon Labs and Solana Labs have spoken out against the decision. The latter’s community even expressed their intention to conduct a fork. We should also mention Filecoin’s native token – FIL. The agency said it has the characteristic of a security as early as May 2023.
The Protocol Development Fund criticized the decision, noting that the asset is proprietary in nature and not used for profit.
The agency said it has a security characteristic as early as May 2023.