The Crypto Universe Reacts to CoinGecko’s Listing of 48 Tokens Amidst SEC Tussles
The Chief Technology Officer of Ripple, David Schwartz, responds to CoinGecko’s list of 48 tokens, which includes tokens alleged as securities by the SEC. However, XRP, associated with Ripple, is noticeably absent from the list, reaffirming its status as a non-security entity.
Main Breakdown:
- CoinGecko lists 48 tokens, including those subject to SEC lawsuits against major exchanges like Binance and Coinbase.
- Notable tokens on the list include BNB, ADA, SOL, TRX, MATIC, TON, BUSD, and ATOM.
- Proof-of-stake (PoS) tokens are targeted while Ethereum is excluded.
- These tokens collectively account for $92.7 billion of the total global crypto market cap.
- Bitcoin, Litecoin, Dogecoin, Shiba Inu, and stablecoins USDT and USDC are missing from the list.
XRP Stands Apart Amidst Exclusions and Verdicts
XRP, despite being excluded from the list, stands firm as a non-security following Judge Torres’ groundbreaking verdict. Ripple CTO adds humor to the situation, highlighting the SEC’s past eccentric securities classifications.
Main Breakdown:
- XRP is excluded from CoinGecko’s list despite its non-security status.
- Judge Torres’ verdict separates XRP from the SEC’s arguments.
- XRP supporters emphasize the verdict’s significance for at least two years.
Hot Take: The Ripple CTO’s Response Puts XRP in the Spotlight
The exclusion of XRP from CoinGecko’s list and the confirmation of its non-security status through Judge Torres’ verdict have put XRP back in the spotlight. Despite ongoing regulatory battles, XRP supporters remain steadfast in their belief in the coin’s legitimacy.
By
By
By
By