Ripplexrp was not mentioned as a securities in the case of the SEC against Coinbase
Ripplexrp was not mentioned as a securities in the case of the SEC against Coinbase
The US stock exchange supervisory authority (Securities and Exchange Commission) has filed a lawsuit against Coinbase-which seems to be the latest turn of events. The application comes a day after the SEC has also filed a lawsuit against Binance.
The two cryptocurrency heavyweights are under fire, but a closer look at the lawsuit against Coinbase brings some interesting details to light.
- One of the more interesting findings (or their absence) in the complaint of the SEC against Coinbase is the list of old coins that they consider as securities.
- The file says:
Each of these crypto asset securities was offered and sold as an investment contract and thus as securities and is still being offered and sold today.
- Then the SEC names 13 old coins (in a non -exhaustive list), including ADA, Matic, Sol and others. You can find the full list in our latest report here.
- The strange thing is that the sec does not even mention it rippes XRP. It is not mentioned in the truest sense of the word.
- Remember that the SEC is also in a legal dispute Ripple - the company behind XRP. The agency claimed Ripple that did not register for securities (XRP).
- It is quite possible that the SEC XRP simply ignored in its latest lawsuit, but it also leaves the door open for speculation about the ongoing procedure.
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