{"id":536523,"date":"2023-06-05T22:00:50","date_gmt":"2023-06-05T22:00:50","guid":{"rendered":"https:\/\/shenyangcang.com\/?p=536523"},"modified":"2023-06-05T20:34:44","modified_gmt":"2023-06-05T20:34:44","slug":"us-sec-sues-binance-fails-to-mention-ripple-xrp-as-security","status":"publish","type":"post","link":"https:\/\/shenyangcang.com\/news\/ripple\/us-sec-sues-binance-fails-to-mention-ripple-xrp-as-security\/","title":{"rendered":"US SEC Sues Binance, Fails To Mention Ripple (XRP) As Security"},"content":{"rendered":"
In a shock move that has forced the cryptocurrency markets lower, the United States Securities and Exchange Commission (SEC) on June 5\u00a0<\/span>sued<\/span><\/a> Binance, the world’s largest cryptocurrency exchange, accusing them of 13 charges, one of which is allegedly enabling the trading of unregistered securities. <\/span><\/p>\n Top of the list, the regulator said, was that Binance allegedly allowed the trading of several crypto assets, including BNB, the platform’s native currency; Cardano’s ADA; and MATIC, the token priming the Polygon ecosystem.<\/span><\/p>\n The SEC didn’t mention payment company Ripple, the native currency of the XRP Ledger, a platform through which the company bases its flagship products. The two entities have been entangled in a legal fight since late 2020, when the regulator accused the payment company of allegedly selling an unregistered security, XRP.\u00a0<\/span><\/p>\n It should be noted that despite the regulator mentioning XRP, the coin’s price is lower and weighed by the market-wide collapse that has so far wiped billions in value from the total crypto market capitalization,\u00a0<\/span>according<\/span><\/a>\u00a0to CoinMarketCap (CMC), a coin tracker.<\/span><\/p>\nXRP Not A Security?<\/span><\/h2>\n