SEC’s Case Against Coinbase Does Not Include XRP As A Security

In the case against Coinbase, XRP is not even named.

In what seems to be the latest turn of events, the US Securities and Exchange Commission has filed a case against Coinbase. The SEC also filed against Binance the day before this move.

The two biggest names in cryptocurrency are getting a lot of bad press, but the lawsuit against Coinbase has some interesting facts.

The list of altcoins that the SEC thinks are stocks is one of the most interesting things that the SEC found (or didn’t find) in its case against Coinbase.

The filing says:

“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.”

The SEC then names 13 alternative coins, including ADA, MATIC, SOL, and others, on a list that is not complete. Please look at our most recent report for the full list.

The fact that the SEC doesn’t even name Ripple’s XRP is strange. There’s no word of it at all.

Remember that the SEC is also in court with Ripple, the business that makes XRP. The agency says that Ripple sold securities (XRP) without being authorised to do so.

It’s possible that the SEC just forgot to include XRP in their new claim, but that leaves room for speculation about Ripple’s ongoing case.