Professional-XRP lawyer John Deaton tweeted, “At present: Not on the record: XRP.” The lawyer compared this development to how it began three years ago, when the SEC asserted that Ripple provided over 14.6 billion items of digital asset “safety.”
Coingecko, the crypto value monitoring tool, opened a listing of tokens listed as securities by the SEC earlier this week. This record contains a total of 48 tokens, including BNB, ADA, SOL, TRX, MATIC, TON, BUSD, ATOM, FIL, ICP, NEAR, ALGO, SAND, AXS, MANA, FLOW, CHZ, and BTT.
“Not on the record: Orange groves Reside beavers Warehouse receipts for whisky casks XRP,” said Ripple’s CTO David “JoelKatz” Schwartz in response to this admission. It is a hilarious reference to one of the various objects the SEC formerly attempted to deliver beneath its regulatory administration.
Earlier this month, Deaton stated that he believes the SEC’s senior officers have disagreed on what to do about the case’s outcome. Many cryptocurrency attorneys and experts are still speculating about the SEC’s next steps and the possibility of an enchantment.
According to lawyer James Murphy, the SEC may seek an interlocutory request in the contentious case. Meanwhile, PolySign CEO Jack McDonald suggested that because the repercussions of this case may be problematic for the SEC, they may try to field XRP and claim that the XRP rule was very specific and never meant to embrace the broader ecosystem.
At the time of publication, CoinMarketCap reported that XRP was trading at $0.6477, up 3.08% from the previous day. XRP is the fifth most valuable token on CoinMarketCap, with a market cap of $34,173,024,666.
