SEC Identifies Alleged Crypto Securities, Accounting for 8% of Crypto Economy
The SEC has classified several crypto assets as securities, representing $98 billion in total value. Within the past 24 hours, these coins registered approximately $4.47 billion in global trading volume.
- Top five crypto assets deemed securities by market valuation: binance coin, cardano, solana, tron, and polygon.
- These account for $72.93 billion or 74.41% of the $98 billion figure.
- Other tokens in the list include ton coin, binance usd, cosmos, filecoin, internet computer, near protocol, algorand, and sandbox.
- The leading 13 alleged crypto securities constitute 93.32% of the market value.
- Only two tokens experienced losses within the past seven days: BNB and internet computer.
While the SEC deems these assets as securities, it doesn’t necessarily mean they actually are. Ripple Labs and other companies are currently fighting the SEC in court, which may provide additional clarity.
Hot Take: While the initial SEC classification caused downturns, most of these assets have since recorded gains following the recent XRP ruling.
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