Ripple (XRP) Executives Speak Out Following Today’s SEC Action
Executives of Ripple, the company behind XRP, made statements about the surprise decision made by the SEC today.
Ripple executives harshly criticized the US Securities and Exchange Commission (SEC) for its decision to amend its criminal complaint against cryptocurrency exchange Binance.
They argue that the SEC's actions have contributed to widespread confusion in the crypto industry.
On Tuesday, the SEC announced that it plans to amend the complaint against Binance to “Third Party Crypto Asset Securities.” According to a recent court filing, this change specifically relates to cryptocurrencies such as SOL, ADA, FIL, ATOM, SAND, MANA, ALGO, AXS, and COTI.
Last year, the SEC initiated several lawsuits against various crypto firms. These cases primarily target platforms that the SEC believes should be registered and involve the classification of certain cryptocurrencies as securities. Last year, the SEC filed a lawsuit against Binance Holdings and its former CEO Changpeng Zhao. The lawsuit accused Binance of misleading customers, failing to block US investors' access to Binance.com, misdirecting capital into investment funds owned by Zhao, and operating as an unregistered exchange.
Similarly, the SEC also filed a lawsuit against crypto exchange Coinbase last year. In this case, the SEC alleged that Coinbase operated as an unregistered exchange, broker and clearing house. The SEC identified SOL, ADA, MATIC, FIL, SAND, AXS, CHZ, FLOW, ICP, NEAR, VGX, DASH, and NEXO as “cryptoasset securities.”
Ripple's chief legal officer, Stuart Alderoty, expressed disappointment on social media platform “The case is left in the middle. It cannot be arranged in this way.”
Ripple CEO Brad Garlinghouse also condemned the SEC's amended criminal complaint against Binance, calling it “hypocrisy.” He criticized SEC Chairman Gary Gensler in an article published in
*This is not investment advice.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
SUI Rides L2 Hype, Monero Stays Private—but Qubetics Quietly Emerges as the Top Crypto Presale to Join Now
SUI gains steam with L2 buzz, Monero holds steady in privacy markets, but Qubetics’ real-world tokenization platform is driving $17.5M+ in presale momentum. Find out why it’s the top crypto presale to join now.Qubetics Brings Real World Assets On-Chain—Finally, a Use Case That Hits HomeSUI’s Layer-2 Ambitions Could Be Just the BeginningMonero’s Privacy Appeal Holds Firm—But Can It Compete With Modern Utility Coins?Final Thoughts: All Eyes on the Top Crypto Presale—And Qubetics Leads the Pack

Crypto Market Breaks Out of 4-Year Monthly Range
The TOTAL chart breaks out of a 4-year-long range, signaling a bullish shift in market sentiment.A Simple Yet Powerful Chart PatternBearish Views Look Increasingly Unfounded

Cardano Poised for Another Bullish Surge
Cardano (ADA) mirrors past breakout patterns, hinting at a major move toward the $2.91 target.$2.91: The Next Major Milestone for ADAMarket Confidence and Momentum Rising

ETHGlobal Prague Reveals Top Finalist Projects
THGlobal Prague unveils finalist projects including on-chain games, DeFi tools, and AI-powered dApps.GameFi, AI, and Cross-Chain Tools Lead the WayDeFi Tools and Utility Protocols

Trending news
MoreCrypto prices
More








