Kraken is being sued, this is a list of cryptos labeled as securities by the SEC!


 "The SEC is never tired of hunting its victims."

The Securities and Exchange Commission (SEC) of the United States (US) is known for using every opportunity to weaken not only the cryptocurrency market but also firms that offer digital assets.

Recently, the SEC filed a lawsuit against crypto exchange Kraken for operating as an unregistered securities exchange, broker, dealer and agency.

Not only that, the US regulator also claimed that Kraken had offered trading services through certain digital assets without first registering them with the SEC.

Among those digital assets are Cardano (ADA), Solana (SOL), The Sandbox (SAND), Near Protocol (NEAR), Polygon (MATIC), Avalanche (AVAX), Algorand (ALGO), Cosmos (ATOM), Chiliz (CHZ ), COTI (COTI) and The Sandbox (SAND).

Also includes Decentraland (MANA), Dash (DASH), Filecoin (FIL), Flow (FLOW), Internet Computer (ICP) and OMG Network (OMG).

However, it should be noted that the crypto that is not listed in the long list is Ripple (XRP) and this is an important and positive indicator for the digital asset to grow further in the future.

Earlier, the SEC had accused XRP of illegally raising over $1.3 billion in unregistered securities offerings through the sale of XRP.

However, Judge Analisa Torres who ruled that XRP is not a security in July 2023 has rejected the SEC's desire to appeal the decision, so it is important to know that a major hearing scheduled for April 2024 could end his legal battle.