Many people noted that the American securities regulatory body failed to mention XRP coin in its lawsuits against BinanceUS & Coinbase crypto exchange.
In the last two days, the United States Securities and Exchange Commission (SEC) sued Binance, BinanceUS, and Coinbase crypto exchange.
In the complaint documents, the SEC body independently mentioned that BinanceUS & Coinbase violated securities laws because they provided trading of SOL, ADA, MATIC, FIL, SAND, AXS, CHZ, FLOW, ICP, NEAR, VGX, DASH, NEXO.
The SEC body stated:
“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.”
So here it is clear that the SEC sued these crypto exchanges on behalf of the past & current crypto trade services and obviously in the past before 2021 the Coinbase exchange was providing XRP coin trading but later delisted in early 2021 following the XRP Lawsuit.
Many XRP coin supporters said that the SEC body is now in a situation where it is failing to consider XRP coin as an unregistered security token offering and probably it is going to bring some advantages for the Ripple defense lawyers.
On the other hand, a few experts shared their opinion and noted that either the SEC body forgot to mention XRP coin or they’re not in the mood to drag the XRP lawsuit matter in the latest lawsuit actions, as it will create another conflict of interest & probably it might force the court judges to add all such court cases together.
Read also: Defi trade volume surges 400%, following SEC’s back-to-back lawsuits
