Eleanor Terrett: "SEC deliberately delisted XRP in a lawsuit against Binance"

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Securities and Exchange CommissionUSA (SEC) excluded the XRP cryptocurrency from the lawsuit against Binance for violating securities laws, despite the fact that the agency previously considered this digital coin to be a security.

Eleanor Terrett, journalistFox Business tweeted that it was surprised by the SEC's decision. The day before, June 5, the SEC charged the largest crypto exchange and its founder Changpeng Zhao with violating federal securities law, mainly due to trading ADA, BNB, BUSD, MANA, SAND, FIL, COTI, AXS, ALGO, ATOM, MATIC and SOL. The authors of the lawsuit call them unregistered securities.

The journalist suggested:Despite previous statements in the SEC v. Ripple case that XRP is a security, the agency deliberately excluded mention of this crypto asset. Citing information from her legal sources, Terrett cited three possible reasons.

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First, the SEC decided to avoid potentially controversial decisions by not pre-classifying XRP as a security in the Binance case.&nbsp;

Secondly, since XRP is already instage of litigation in the Ripple lawsuit, and mentioning it as a security in the Binance lawsuit could lead to potential complications.&nbsp;

Finally, Terrett believes that a theoretically possible victory for Ripple in the ongoing legal battle could weaken the SEC's position against Binance in the eyes of the public, media and Congress.

Earlier, SEC Chairman Gary Gensler spoke out
about the promotion of cryptocurrencies and hinted that ETH (ETH) may soon face increased attention from regulators.