News

Big Win For Ripple As SEC Excludes XRP In Kraken Lawsuit

XRP Vs SEC: SEC sues Kraken, excluding XRP in its crackdown on unregistered securities, as Ripple gears up for a pivotal trial in its ongoing SEC battle.
Big Win For Ripple As SEC Excludes XRP In Kraken Lawsuit

XRP News: In a recent legal development, the United States Securities and Exchange Commission (SEC) has filed a lawsuit against the cryptocurrency exchange Kraken. The SEC accuses Kraken of operating without the necessary securities registrations, reflecting the agency’s ongoing scrutiny of the crypto sector. Interestingly, in this legal action, Ripple’s native token, XRP, is notably absent from the list of digital assets in question.

Advertisement

XRP Excluded As a Security

Meanwhile, Ripple itself is navigating its legal challenges with the SEC. Engaged in a long-standing lawsuit, Ripple has secured several preliminary victories in recent months. These successes set the stage for a significant trial slated for the coming spring. This trial could shape the future of Ripple’s interactions with regulatory bodies.

Significantly, this legal action against Kraken isn’t isolated since the SEC has taken similar steps against other major players in the cryptocurrency industry, including Binance and Ripple.

The lawsuit alleges that Kraken offered trading services in various unregistered securities, including Solana (SOL), Cardano (ADA), Polygon (MATIC), Internet Computer (ICP), Cosmos (ATOM), Algorand (ALGO), Sandbox (SAND), Decentraland (MANA) and Chiliz (CHZ). This broad sweep by the SEC highlights the agency’s firm stance on regulatory compliance within the crypto sector.

Advertisement

Implications for XRP and the Crypto Market

While XRP is not part of the SEC’s lawsuit against Kraken, Ripple’s ongoing legal battle with the SEC continues to unfold. This situation has slightly impacted XRP’s market performance, with a minor price decline observed. However, excluding XRP from the recent SEC action against Kraken marks a significant moment for Ripple, differentiating it from other cryptocurrencies under regulatory scrutiny.

However, despite the SEC’s exception, XRP has been on a retracement in the previous 24 hours, with the price dropping from a high of $0.6229 to an intraday low of $0.59. At press time, XRP price was trading at $0.6, a 2.25% dip from the intraday high.

XRP/USD 24-hour price chart (source: CoinGecko)

XRP’s market capitalization fell by 2.665 % during the price decline to $32,444,660,003. However, its 24-hour trading volume climbed by 31.47% to $1,375,983,330, indicating increased trading activity.

Read Also: Ripple Labs Ranks Top 10 in Crypto Lobbying Spending

Advertisement

Share
Kelvin Munene Murithi

Kelvin Munene is a crypto and finance journalist with over 5 years of experience, offering in-depth market analysis and expert commentary . With a Bachelor's degree in Journalism and Actuarial Science from Mount Kenya University, Kelvin is known for his meticulous research and strong writing skills, particularly in cryptocurrency, blockchain, and financial markets. His work has been featured across top industry publications such as Coingape, Cryptobasic, MetaNews, Cryptotimes, Coinedition, TheCoinrepublic, Cryptotale, and Analytics Insight among others, where he consistently provides timely updates and insightful content. Kelvin’s focus lies in uncovering emerging trends in the crypto space, delivering factual and data-driven analyses that help readers make informed decisions. His expertise extends across market cycles, technological innovations, and regulatory shifts that shape the crypto landscape. Beyond his professional achievements, Kelvin has a passion for chess, traveling, and exploring new adventures.

Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • News

ProShares Files for Index Crypto ETF Tracking Bitcoin, Ethereum, XRP, and Solana

Leading asset manager ProShares is seeking to establish a new crypto ETF tracking the CoinDesk…

October 22, 2025
  • News

Trump Says Meeting with China May Not Happen, Bitcoin Drops

U.S. President Donald Trump has cast doubts over his meeting with China's President Xi Jinping.…

October 21, 2025
  • News

The Great Rotation? Bitcoin Rises as Gold Sees Largest Daily Drop Since 2013

Experts have indicated that a rotation might be occurring with investors moving from gold to…

October 21, 2025
  • News

Crypto Czar David Sacks to Meet Senate Republicans In Bid To Advance Market Structure Bill

Crypto and AI Czar David Sacks is set to meet with Republican members of the…

October 21, 2025
  • News

Waller Floats ‘Payment Account’ Framework to Provide Crypto Firms Access To Fed’s Payment Rails

Federal Reserve Governor Chris Waller has floated the idea of a 'Payment account' framework that…

October 21, 2025
  • Altcoin News

Aster Outpaces Lighter in Perp DEX Rankings as Wintermute Buys the Dip After Previous Dump

Aster is regaining momentum in the perp DEX space as it outpaces Lightchain in 24-hour…

October 21, 2025