With many in the cryptocurrency community eagerly waiting for the protracted legal standoff between the United States Securities and Exchange Commission (SEC) and Ripple to end, some outside developments might influence its progress and final results.
As it happens, the SEC has also sued crypto trading platform Coinbase, but the crypto exchange responded with a motion to dismiss the lawsuit in August 2023, Judge Katherine Failla heard it on January 17, 2024, and her ruling might have a significant impact on the SEC’s case against Ripple.
Coinbase effect
Specifically, the SEC alleges that Coinbase’s proposed lending product involves securities, whereas the crypto firm refutes this claim and argues that it falls outside the regulator’s jurisdiction. Indeed, this resonates with the allegations regarding XRP, i.e., that Ripple’s sales of it fell under the securities category.
Should Coinbase win the motion, it might undermine the SEC’s argument regarding its jurisdiction over fir
We współpracy z: https://finbold.com/ripple-v-sec-case-update-as-of-february-2-2024/
