Coinbase and Crypto Advocacy Group Support Ripple in XRP Lawsuit With SEC by Asking To File Amicus Briefs
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Yet another two parties are attempting to weigh in on the U.S. Securities and Exchange Commission’s (SEC) lawsuit against Ripple. Top crypto exchange Coinbase and the crypto lobbying group the Blockchain Association are both seeking the court’s permission to file legal documents known as amicus briefs in the Ripple case, according to files shared by digital asset legal website CryptoLaw. Coinbase is specifically seeking to back up Ripple’s fair-notice defense, in which the San Francisco payments firm argues that the regulator failed to provide “fair notice” that it was violating the law. Explain the exchange’s lawyers, “Coinbase has formally petitioned
A popular cryptocurrency analyst and investor is tracking the trajectory of XRP after a key ruling in the SEC’s lawsuit against Ripple. On Friday, Judge Analisa Torres denied the U.S. Securities and... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]…
The SEC-Ripple case is now coming to an end. Last week, Ripple CEO Brad Gralinghouse announced that the SEC would withdraw its objection, and yesterday Ripple withdrew its cross-objection. Ultimately, the SEC-Ripple lawsuit will result in Ripple paying $50 million. The SEC will keep $50 million, and Ripple will get…