SEC’s Classification of So-Called Crypto Securities Amounts to $98 Billion in Combined Value

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.
Alleged Crypto Securities Identified by SEC Account for 8% of Crypto Economy
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. Combined, these purported security designations represent a total value of $98 billion as of Wednesday. Moreover, within the past 24 hours, these coins registered approximately $4.47 billion in global trading volume.
The top five crypto assets deemed securities, in the SEC’s view

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