XRP Not Included In SEC-Disputed Crypto Asset List

XRP crypto assets. (Photo; Doc. KryptoMoney)

JAKARTA - The United States (SEC) Stock Commission dragged the Kraken cryptocurrency exchange to the court. The SEC considers Kraken to have violated the rules for operating without securities registration. However, surprisingly, the Ripple (XRP) coin is not included in the list of problematic digital assets as previously accused by the SEC.

Ripple itself is dealing with the SEC in a prolonged lawsuit. Even so, Ripple has won a number of temporary victories in recent months. This victory opens up opportunities for Ripple to face a crucial trial in the spring. This trial has the potential to determine Ripple's fate under regulatory scrutiny.

Kraken is not the only one the SEC is aiming for. The SEC has also sued other big players in the crypto industry, such as Binance and Ripple. The SEC accused Kraken of offering unregistered securities trading services, including Solana (SOL), Cardano (ADA), Polygon (MATIC), Internet Computer (ICP), Cosmos (ATOM), Algorand (ALGO), Sandbox (SAND), Decentraland (MANA), and Chiliz (CHZ). This SEC action shows a tough stance on regulatory compliance in the crypto sector.

Although XRP has escaped the SEC's lawsuit against Kraken, the SEC's lawsuit against Ripple is still ongoing. This situation has an impact on the performance of the XRP market, which has decreased prices. However, XRP managed to avoid the latest SEC actions against Kraken, which is an important moment for Ripple. This distinguishes Ripple from other cryptocurrencies that are caught in regulatory problems.

However, XRP cannot be separated from market pressure. In the last 24 hours, the price of XRP fell from the highest level of $0.6229 (Rp 9,702.56) to the lowest level of intraday 0.59 US dollars (Rp 9,192.20). At the time of writing, the price of XRP was at 0.6 US dollars (Rp 9,348.05), down 2.25% from the highest level intraday.

XRP's market capitalization also fell 2.665% to $32.444.660.003 (IDR 505.1 trillion). However, its 24-hour trading volume increased 31.47% to 1.375.983.330 US dollars (IDR 21.4 trillion), which indicates high trading activity.