Coinbase Petitions To File Amicus Curiae Brief In Support Of Ripple In SEC Fight

Cryptocurrency exchange Coinbase Global Inc (NASDAQ: COIN) has petitioned a federal court to file an amicus curiae brief intending to support Ripple (CRYPTO: XRP) in its fight against the U.S. Securities and Exchange Commission, contending that the regulator has failed to keep pace with the digital assets industry. In a series of tweets, Paul Grewal, Coinbase's chief legal officer stated that the Constitution guarantees that government agencies cannot condemn conduct as a violation of law without providing fair notice that the conduct is illegal and that by suing sellers of XRP tokens after making public statements signaling that those transactions were lawful, the SEC has lost sight of this bedrock principle.

Timeline of Xrp

Cryptocurrency exchange Coinbase becomes the latest institution to throw its weight behind Ripple Labs in its battle against the U.S. Securities and Exchange Commission (SEC). Crypto exchange Coinbase has filed seeking permission to help Ripple Labs in its ongoing battle with the SEC which may wrap up as soon as the first half of 2023.

Ripple price analysis is bearish today as we have seen a clear lower high set at $0.465 after a lower low was set at $0.45 yesterday. XRP/USD will likely continue even lower later today as a result, likely to break below the $0.45 support.

After a year of development and testing, Ripple has finally brought NFTs to the XRP Ledger. Chief Technology Officer David Schwartz informed the community earlier on 1 November that XLS-20, which is the standard for XRPL NFTs, is now enabled on the XRP ledger mainnet.

The Ripple vs. SEC lawsuit is evolving daily and taking on a fresh angle as the company gains new allies. According to a recent update, Coinbase had submitted a request for an amicus brief in support of Ripple because it thinks the SEC's case poses a threat to the entire crypto industry.

Stasis completed an integration with XRP Ledger in an effort to expand the settlement layers it uses to facilitate cross-border payments with EURS.  The post Stasis integrates euro-backed stablecoin with XRP Ledger appeared first on The Block.

The crucial lawsuit between US SEC and Ripple is getting intense as many industry leaders are trying to get involved in court proceedings. People concerned with the Ripple lawsuit are expecting that there might be a delay in the Summary Judgement rulings.

A deep-pocketed crypto investor is abruptly moving a massive trove of XRP worth nearly $150 million over the past weekend. On Saturday, an unknown wallet sent 313,218,270 XRP worth more than $148 million to another unknown wallet, according to the blockchain-tracking platform Whale Alert.

On Monday (31 October 2022), days after FinTech firm Ripple celebrated its 10th anniversary, David Schwartz, who is the firm's Chief Cryptographer and Chief Technology Officer (CTO), gave XRP HODLers an even better reason to celebrate.

Ripple CTO David Schwartz through a recent tweet announced the launch of XLS-20 on the XRP Ledger which will now enable native NFT functions. The company looks forward to the ledger's next chapter.

Coinbase, US based cryptocurrency exchange has come out in support of Ripple in the XRP lawsuit. The crypto exchange has filed a request in the court to submit an Amicus Brief in support of Ripple's Fair Notice Defense.