Are you keeping up with the latest court rulings that could impact the crypto industry? The SEC v Coinbase case has the potential to shift the scales in favor of crypto, and here’s why you should be paying attention.
In a recent development, Coinbase filed a Motion for Interlocutory Appeal to challenge the Motion to Dismiss ruling in April 2024. This comes after their Motion to Dismiss was denied by Judge Katherine Failla in August 2023. The judge’s decision stated that the SEC’s claim of Coinbase operating as an unregistered intermediary of securities had enough support to deny the motion in large part.
If the Motion for Interlocutory Appeal is granted, this could be a significant blow to the SEC and another win for the crypto industry. A favorable ruling for Coinbase would mean that US crypto exchanges are not subject to SEC regulation, potentially boosting buyer demand for cryptocurrencies like XRP.
Speaking of XRP, investors should also keep an eye on the upcoming court verdict in the SEC v Ripple case. This ruling will determine the penalty Ripple must pay for selling unregistered XRP to institutional investors in violation of US securities laws.
Stay informed and stay ahead of the game by following our latest news and analysis on XRP and the broader crypto market. Make sure to visit our website, Extreme Investor Network, for unique insights and expert commentary on all things related to the stock market, trading, and Wall Street. Don’t miss out on the latest updates that could impact your investments.