Ripple losing SEC case can affect Coinbase and Binance, lawyer says

The SEC's arguments against Coinbase and most of Binance's litigation would be severely weakened if Judge Torres ruled that XRP tokens purchased on secondary marketplaces are not securities, according to lawyer James Murphy.

Timeline of Xrp

Reality has set in, with both Binance and Coinbase exchanges set to defend themselves against the charges brought by United States Securities and Exchange Commission (SEC) in court. In light of this, XRP holders' lawyer John Deaton is making a move that will also see him represent the users of these two exchanges by filing an amicus brief on their behalf.

Brad Garlinghouse, the CEO of Ripple, has criticized the crypto “pro-innovation” stance of the U.S. Securities and Exchange Commission (SEC) and its recent lawsuits against significant exchanges like Coinbase and Binance. Garlinghouse stated that the SEC was “throwing lawsuits at the wall” to distract attention from the debacle of bankrupted exchange FTX.

The ongoing legal battle between Ripple and the SEC has taken a crucial turn with Judge Torres' ruling on whether XRP tokens are securities. This decision carries significant implications for major crypto exchanges Coinbase and Binance, potentially altering the course of the industry.

Introduction: XRP is a popular cryptocurrency known for its fast transaction confirmation times and low fees. In this daily technical analysis report, we will examine key indicators and interpret their values to provide insights into XRP's potential price targets. Current Price: $0.525429 (as of 5:27 a.m.

Crypto Market News: Alleging that the U.S. Securities and Exchange Commission (SEC) is not working in the best interests of the Coinbase and Binance users, John Deaton, the attorney representing more than 75,000 XRP token holders, is pushing to see if a group of users can united to have a voice in the lawsuits. The attorney

Jay Clayton, the former chairman of the Securities and Exchange Commission (SEC) and the man behind the ongoing Ripple lawsuit, has publicly criticized the behavior of major cryptocurrency exchanges, Binance and FTX, in a recent interview with Bloomberg.

Besides its core business where it helps process cross border payments using the On-Demand Liquidity, Ripple Labs Inc has other focuses through which it is pushing for to make an impact. According to the latest Ripple Impact Initiative report dubbed “Fintech as a Force for Good,” the company detailed the top 5 areas it has

During the winter of 2020, the United States Securities and Exchange Commission fired the first bullet in what would eventually become a dragged-out legal battle against the entire cryptocurrency industry. On December 22nd, 2020, the SEC charged Ripple with conducting a $1.

XRP News: The legal tussle between the U.S. Securities and Exchange Commission (SEC) and Ripple has hindered the XRP price growth over time. The recent developments in the Ripple lawsuit may have led XRP to print green indexes in the last 90 days but experts believe that the fair market valuation of the token is

After breaking above both the 100-day moving average and the descending trendline, XRP has initiated a solid upward trend, reaching a significant resistance region at $0.55. The price action in this crucial zone will play a vital role in determining Ripple's future direction.