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SEC recognizes $115 billion worth of crypto-assets as securities

  • This is their total market capitalization
  • But the big question is how the lawsuit will affect token prices
  • There are analysts reassuring investors

The SEC lawsuit against Binance has significantly increased the number of cryptocurrencies recognized as securities. Bloomberg analysts estimated it in monetary terms (market capitalization).

The highest weight on the list is BNB from Binance. Its market capitalization equals $44 billion. Также значительную часть составляют стейблкоины BUSD, монета ADA от Cardano, токены SOL $20 Solana SOL -7.01% Market cap $7.9b Vol. 24Н $335.2m Exchange partner

, MATIC $1 Polygon MATIC -6.31% Market cap $7.7b Vol. 24Н $176m Exchange partner , FIL $4 Filecoin FIL -7.8% Market cap $1.8b Vol. 24Н $105.7m Exchange partner и ALGO $0 Algorand ALGO -8.34% Market cap $991.4m Vol. 24Н $41m Exchange partner . Add to that other tokens that the SEC has previously recognized as securities (e.g., XRP). The total turns out to be $115 billion in assets.

Arca’s CIO Jeff Dorman commented on his view of the situation in an interview with Bloomberg. He believes that the lawsuit will not have a long-term impact on the tokens’ exchange rate, because they are freely traded on offshore platforms.

We do, however, see a short-term decline. Токен BNB $277 BNB BNB -8.06% Market cap $43.1b Vol. 24H $621.8m Exchange partner

was the biggest loser of the day. It fell by more than 10%. Монеты Solana за 24 часа упали на 9,52%, ADA $0 Cardano ADA -6.19% Market cap $12.3b Vol. 24Н $145.4m Exchange partner — на 7,73%, а MATIC $1 Polygon MATIC -6.31% Market cap $7.7b Vol. 24H $176m Exchange partner – down 7.64%.

The total cryptocurrency market capitalization fell 4.6% to $1.09 trillion. And the volume of trading rose by 118% to more than $48 billion. People are panicking and withdrawing their assets from Binance and even other cryptocurrency exchanges.

Players are now waiting with bated breath for a lawsuit against Coinbase. The SEC had previously sent them a notice of a possible lawsuit. The cryptocurrency exchange said it will not be delisting tokens that the commission considers to be securities for now.

The cryptocurrency exchange said it will not be delisting tokens that the commission considers to be securities for now.