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Ripple’s XRP Cleared in SEC Lawsuit Vs Coinbase

Ripple’s XRP Not Named a Security in the SEC’s Case Against Coinbase

  • The US Securities and Exchange Commission has filed a lawsuit against Coinbase.
  • The filing does not mention Ripple’s XRP, even though the SEC is also in a legal battle against Ripple.
  • The list of altcoins that the SEC considers to be securities includes ADA, MATIC, SOL, and others.

SEC Lawsuit Against Coinbase

The US Securities and Exchange Commission has filed a lawsuit against Coinbase – in what seems to be the latest turn of events. The motion comes a day after the SEC also filed against Binance. The two cryptocurrency heavyweights are under some serious fire.

Altcoin Security List

From the time of their first offer or sale, each of these Crypto Asset Securities was offered and sold, and continues to be offered and sold today, as an investment contract and thus a security. From there, the SEC goes on to name 13 altcoins (in a non-exhaustive list), which includes the likes of ADA, MATIC, SOL, and others. For the full list, please take a look at our latest report here.

No Mention of XRP

The curious bit is that the SEC fails to even mention Ripple’s XRP. There’s literally no mention of it. Recall that the SEC is also in a legal battle against Ripple – the company behind XRP. The agency has claimed that Ripple has conducted an unregistered sale of securities (XRP). It’s entirely possible that the SEC has simply missed XRP in their latest claim, but it also leaves the door open for speculation on the ongoing case against Ripple.

What Does This Mean?

This raises questions about how much weight this lack of mention holds in court for the case between Ripple and SEC – especially since there have been rumors floating around that Coinbase could someday offer trading support for XRP tokens on its platform – something that would require approval from regulators such as those at U.S.-based exchanges like Coinbase .

Conclusion

It remains unclear whether this lack of mention will have any impact on either cases being brought against Coinbase or Ripple by various regulatory bodies or if it was simply an oversight by those involved with writing up this particular filing – only time will tell what becomes of both parties involved with this matter moving forward .

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