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Coinecko Crypto Platform Issues Altcoins SEC Categorized As Securities

Published:

The list for the Altcoins, which the Securities and Exchange Commission regard as securities, is out.

The overall list of Altcoins, which SEC identifies as tokens, comprises 48 tokens. Moreover, these tokens notably impact their regulatory and trading status.

READ ALSO:United States SEC May Likely Approve Ethereum ETF this Year Instead of Bitcoin

Quick Take

  • It should be noted that the Securities and Exchange Commission’s categorization of the Altcoins as securities may have a remarkable impact on its trading and its regulatory treatment.
  • Altcoins, classified as securities, comprise the market’s most well-known and broadly traded cryptos.
  • These tokens include; BNB (Binance Coin), BTT (BitTorrent), ADA (Cardano), SOL (Solana), CHZ Chiliz, TRX (TRON), MATIC (Polygon), TON (TON Crystal), FLOW (Flow), MANA (Decentraland), BUSD (Binance USD), ATOM (Cosmos), AXS (Axie Infinity), SAND (The Sandbox), AGLO (Algorand), FIL (Filecoin), NEAR (NEAR Protocol), ICP (Internet Computer) and many more.
  • Crypto traders and investors should know that classifying these tokens as securities will likely impact their capacity to sell and buy these assets on many different platforms.
  • For instance, certain exchanges will likely limit trading of the security tokens to adhere to the regulatory requirements. In contrast, some exchanges may choose to eliminate the tokens.
  • It is vital that both users and investors of these tokens, which are classified as securities, understand their legal status at present.
  • One thing to note is that all the tokens categorized as securities are liable to more regulations as well as compliance requirements which may differ according to the use case and particular token.

What’s Happening In Crypto At Present?

As of this writing, Bitcoin is trading at $29,014.12, with an increase in market cap by 0.04% and an increase in trading volume by 39.92%.

On the side of Ethereum, it is presently trading at $1,827.84 with an increase in market cap by 0.06% and an increase in trading volume by 31.30%.

  • Meanwhile, BNB is currently trading at $241.77, with a drop in market cap by 0.82% and a drop in trading volume by 1.56%.
  • Cardano is at present trading at $0.2931 with an increase in market cap by 0.07% and an increase in trading volume by 13.08%
  • Solana is currently trading at $22.96 with a drop in market cap by 0.05% and a drop in Trading volume by 6.78%.
  • TRON is presently trading at $0.07647 with a decrease in market cap by 0.66% and an increase in trading volume by 8.78%.
  • As for the price of Polygon at the moment, it is at $0.6695, with an increase in market cap by 0.29% and an increase in trading volume by 7.76%.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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