SEC’s Classification of So-Called Crypto Securities Amounts to $98 Billion in Combined Value
Throughout the last year, the U.S.
Securities and Exchange Commission (SEC) has identified numerous crypto assets as securities in cases involving Binance, Bittrex, Coinbase, Terra’s Do Kwon, Tron’s Justin Sun, and several more. The aggregate worth of these prominent digital assets, considered securities,
currently amounts to $98 billion, making up over 8% of the
cryptocurrency market.
The SEC has classified a significant number of crypto assets as securities within its purview; these include decentraland (
MANA), dash (
DASH), algorand (
ALGO), beaxy token (
BXY), solana (
SOL), binance coin (
BNB), cardano (
ADA), and several others.
The top five crypto assets deemed securities, in the SEC’s view, by market valuation include
binance coin, cardano, solana, tron,
and polygon.
Some tokens cited in this list like Mirror Protocol’s
synthetic stock tokens possess no tangible worth but were still regarded as securities by the SEC along with luna classic (LUNC) and
terrausd classic (USTC).
Though the SEC has deemed these crypto
assets as securities, this doesn’t mean they actually are.
