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The U.S. Securities and Exchange Commission (SEC) is facing scrutiny regarding various claims about the usage of altcoins like XRP, Solana 
$174 (SOL), and Cardano 
$0.798347 (ADA). These assets are suggested to have potential applications in government payments, interbank liquidity, and digital infrastructure. However, the SEC has not made any official statements, prompting calls for caution among investors due to misinformation circulating in the public domain.
SEC Statements and Expert Opinions
Some reports indicate that XRP could facilitate financial transactions at the government level. Meanwhile, ADA is claimed to play a role in academic document regulations, smart contracts, and infrastructure security. SOL is suggested to be applicable in real-time data management, secure voting systems, and digital identity verification. Nevertheless, these details have not been confirmed by official sources.
XRP attorney John Deaton stated that the SEC has refrained from making any clarifications on the matter. He emphasized the need for official statements to counter misinformation. Allegations suggest that the SEC’s website contains a document asserting XRP’s strategic significance as a financial asset, yet the authenticity of this document remains uncertain.
Speculations and Their Market Impact
Bill Morgan, who works with XRP, expressed concerns about the unknown source of the alleged document and its questionable accuracy. He cautioned crypto investors to remain vigilant against misinformation. Industry experts note that the spread of unverified information may mislead investors, highlighting the importance of relying on credible sources.
It has been pointed out that the SEC has not shared clear information regarding the applications of altcoins. Investors and those interested in the sector are advised to obtain information solely from trustworthy and verified sources. To prevent the spread of misinformation, it is crucial for relevant authorities to issue official statements.
