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XRP off securities list in Kraken vs SEC case, lawyer notes

Fast Take
  • Jeremy Hogan noted a detail about XRP in the SEC vs Kraken lawsuit
  • Hogan highlighted that XRP was outside the list of alleged securities in the document
  • The cryptocurrencies included are: ADA, DASH, FIL, MANA, MATIC among others
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Amid the legal battle waged by the US Securities and Exchange Commission (SEC) against Ripple, in which it claimed that XRP was illegally sold by the company, the lawyer who closely followed the case, Jeremy Hogan, recently noted a detail important about the XRP in the regulator's case against the exchange Creak.

When sharing part of the lawsuit, Hogan highlighted that XRP was outside the list of alleged securities in the text of the document. “Guess which crypto is NOT included in the list of alleged securities?” she wrote.

 

In the document shared by the legal expert, cryptocurrencies that were listed by the SEC included Cardano (ADA), Axie Infinity (AXS), Algorand (ALGO), Cosmos Hub (ATOM), Chiliz (CHZ), COTI (COTI), Dash (DASH), Filecoin (FIL), Flow (FLOW), Internet Computer (ICP), Decentraland (MANA) , Polygon (MATIC), NEAR Protocol (NEAR), OMG Network (OMG), The Sandbox (SAND) and Solana (SOL).

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Still on occasion, the lawyer also commented on the amount paid by Kraken to the SEC. “Apparently, the $30 million the SEC received from Kraken in February wasn’t enough – it had to sue them again to get more. Does everyone feel protected again?”

It is worth remembering that the co-founder of cryptocurrency exchange Kraken, Jesse Powell, recently criticized the US Securities and Exchange Commission (SEC). in the face of ongoing proceedings against the company.

Still on the occasion, in a statement on the X application, Powell condemned the SEC's actions against the exchange and suggested that other crypto companies should consider leaving the US.

Powell shared a post from Kraken that wrote: “SEC filed a complaint alleging that Kraken operates as an unregistered securities exchange, broker-dealer and national clearinghouse. We disagree with their claims and plan to vigorously defend our position.”

Disclaimer: The views and opinions expressed by the author, or anyone mentioned in this article, are for informational purposes only and do not constitute financial, investment or other advice. Investing or trading cryptocurrencies carries a risk of financial loss.
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