I don't think I need to say how much Gensler had staked on and had pushed the whole "crypto securities" narrative. Considering all the tokens which could be securities, XRP was always one of those tokens that, while possibly not a security, was simply more likely to be one relative to most other tokens. Many speculated as such because of how the tokens were pre-mined and sold in private offerings.
The SEC named a number of other tokens in their lawsuits between Bittrex, Coinbase and Binance. There include SOL, ADA, MATIC, FIL,ATOM, SAND, MANA, ALGO, COTI, AXS, CHZ, FLOW, ICP, NEAR, VGX, DASH and NEXO.
Solana, Algorand and Polygon, most notably, are perhaps the most similar to XRP in that they also sold tokens in private offerings from some initial available supply. Others had tokens on the public market but these sales were directly tied to the services the projects offered, and not some arbitrary sale before the project launched that would be more like a security. If XRP was given the green light, the likes of MATIC, ALGO etc may be as well. And if they are given the green, those like NEXO, VGX, AXS etc should also be okay since they offerings were done directly to expand and make available extra features and perks to users and not as fundraising.
The jury is still out (literally) on offering of staking as a service on exchanges being classified as a security but Coinbase looks dead set on fighting that to the end. But as for strict tokens, it is looking bad for Gensler and team.
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