XRP (Ripple): XRP has been one of the cryptocurrencies that has faced the most scrutiny from the SEC. The agency filed a lawsuit against Ripple Labs, the company behind XRP, alleging that the cryptocurrency was being sold as an unregistered security. This has led to significant price drops for XRP and uncertainty about its future.
2. EOS: The SEC has also targeted EOS, another popular cryptocurrency, for allegedly conducting an unregistered securities offering. This has caused the price of EOS to plummet and raised concerns about its compliance with securities laws.
3. Telegram Open Network (TON): The SEC also halted the launch of TON, a blockchain platform developed by messaging app Telegram, claiming that its token sale was an unregistered securities offering. This has led to the project being put on hold and investors losing money.
4. Kik: The SEC also filed a lawsuit against messaging app Kik for allegedly conducting an unregistered securities offering through its Kin cryptocurrency. This has raised concerns about the future of Kin and its compliance with securities laws.
Overall, the SEC crackdown on cryptocurrencies has had a significant impact on the market, causing prices to drop and raising questions about the regulatory status of various digital assets. Investors in these cryptocurrencies should be aware of the risks and uncertainties associated with the SEC’s actions.
