Crypto Industry Could Experience “Ripple Effect,” Top Expert Says

Elliott Stein, senior litigation analyst, believes that the recent court ruling could potentially help Coinbase, the largest US cryptocurrency exchange, in its own battle against the SEC.

The SEC took Coinbase to court last June, accusing the exchange giant of operating as an unregistered broker and clearing agency. Coinbase's motion to dismiss the lawsuit was rejected in June in a major blow to the exchange. As reported by U.Today, Ripple was ordered to shell out $125 million by the court. The ruling was framed as a victory for the company by the San Francisco-headquartered company since the SEC was initially asking for a whopping $2 billion worth of fines and penalties.

While the agency is highly unlikely to appeal the most recent court decision, it might still take issue with the controversial Torres ruling from 2023 that recognized secondary XRP sales as non-securities. Still, some believe that the SEC might be reluctant to stir the pot since the ruling has failed to gain significant traction.

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Employment program gives young adults hands-on experience in entertainment industryA new program is allowing young adults to get hands-on experience in the arts and entertainment industry in Newark.
Источник: ABC7NY - 🏆 592. / 51 Прочитайте больше »

India Maintains High Crypto Tax Rate Despite Industry PressureCrypto Blog
Источник: Crypto_Potato - 🏆 568. / 51 Прочитайте больше »

Crypto Industry Committing $12M to Dethrone Sen. Brown in Ohio, PAC SaysJesse Hamilton is CoinDesk's deputy managing editor for global policy and regulation. He doesn't hold any crypto.
Источник: CoinDesk - 🏆 291. / 63 Прочитайте больше »

Democrats launch 'Crypto for Harris' campaign to counter Trump’s industry appealThe move comes as the race for the White House narrows between former President Donald Trump and Vice President Kamala Harris, the respective Republican and Democratic nominees.
Источник: FoxBusiness - 🏆 458. / 53 Прочитайте больше »

Harris Campaign Targets Crypto Voters with New Industry Advocacy GroupCrypto Blog
Источник: Crypto_Potato - 🏆 568. / 51 Прочитайте больше »

Crypto industry clashes with Democratic leaders in heated Zoom meetingA Zoom get-together to repair relations between the crypto industry and the Democratic Party turned ugly Thursday morning, underscoring the uphill battle progressive crypto advocates face
Источник: FoxBusiness - 🏆 458. / 53 Прочитайте больше »