Cardano

Solana

Polygon

<figure><img src="https://u.today//sites/default/files/styles/1200x900/public/2023-06/35853.jpg" alt="Cover Image" width="800"
 height="500">
 <figcaption>Cover image via <a href="https://u.today/">U.Today</a></figcaption>
 </figure>In the wake of the U.S. Securities and Exchange Commission's (SEC) <a href="https://u.today/breaking-sec-unleashes-legal-fury-on-binance-and-cz-bnb-plunges">recent lawsuit against Binance</a>, the world's largest crypto exchange, and its CEO Changpeng Zhao questions have arisen about the notable absence of Ripple-affiliated XRP token from the SEC's list of unregistered securities.The SEC alleges that Binance and Zhao violated federal securities laws by offering unregistered securities trading platforms, unregistered crypto asset securities sales, and engaging in fraudulent practices.According to legal experts, several reasons could explain XRP's absence from the lawsuit.Eleanor Terrett, a Fox Business journalist, <a href="https://twitter.com/EleanorTerrett/status/1665790230324994049">suggested</a> on Twitter that the SEC might be trying to avoid potential inconsistent decisions or discovery issues related to ongoing litigation involving XRP.<a href="https://u.today/cardano-chief-fearmongers-1984-scenario-as-sec-slaps-binance-with-lawsuit">card</a>Furthermore, if Ripple, the company behind XRP, emerges victorious in its current legal battles, the SEC's case against Binance could be weakened in the eyes of the public, Congress, and the press.Additionally, some Twitter users pointed out that XRP is not listed on Binance US, which might be another reason for its absence from the lawsuit. However, Terrett clarified that the lawsuit is not only against Binance US but also against Binance, BAM trading, and Zhao, and that XRP is indeed listed on the broader Binance platform.Bitfinex, a popular anti-crypto activist, clarified that the SEC <a href="https://twitter.com/Bitfinexed/status/1665797742193434624">wouldn't have to do this</a> in the first place.  In its lawsuit, the SEC labeled several popular cryptocurrencies, including Cardano (ADA), Solana (SOL), Polygon (MATIC), Binance's native BNB token, and the BUSD stablecoin as unregistered securities. It also detailed other crypto assets such as FIL, ATOM, SAND, MANA, ALGO, AXS, and COTI in the same category.The lawsuit alleges Binance has displayed a pattern of potentially reckless disregard for securities regulations by listing for trade crypto assets that have previously been subject to SEC enforcement actions.

Here's Why XRP Is Absent from Binance Lawsuit

U_Today

2023년 6월 6일에 게재된 다른 기사

Walbi AI-Powered Platform to Launch MVP, Enhance Decision-Making for Crypto Traders

Cardano (ADA) Under Pressure Amid SEC Actions: An Analysis

Cboe Gets Approval For Margin Trades On Crypto Futures Exchange

Bitcoin Could Reach $45,000, Avalanche’s Surprise Move & Caged Beasts’ Untapped Potential

After CFTC, SEC charges Binance for violating laws; claims 12 stablecoins as securities

Illuvium Secures Additional $10M Funding From Framework Ventures

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!

Here&#039;s Why XRP Is Absent from Binance Lawsuit