XRP Lawyer Hints at How Coinbase Might Win in SEC Lawsuit

AdsIts motion to dismiss pointed to the July 13 ruling in the SEC's case against Ripple, wherein a federal judge ruled that XRP sold on exchanges or through algorithms did not qualify as securities.

In this sense, Deaton has no idea what the outcome of Coinbase's motion to dismiss the SEC complaint will be. He, however, thinks that the request to dismiss might be denied. "I don't entirely rule out Judge Faila granting Coinbase's motion to dismiss or at least partially granting it. Normally, I would say I'm 99% sure a motion to dismiss is going to be denied."In light of this, Deaton urges Coinbase customers who object to the SEC lawsuit to make their voices heard. He believes a difference was made in the Ripple lawsuit when 75,000 XRP holders joined in filing an amicus brief, and he believes the same can be achieved in the Coinbase lawsuit.

Law Law Latest News, Law Law Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Lawyer Breaks Down Secret XRP Memo and Private SEC Meeting With RippleThe SEC itself may have had a hard time deciding whether XRP was a security back in 2018.
Source: Crypto_Potato - 🏆 568. / 51 Read more »

Crypto lawyer about SEC: ‘Problematic to imply all NFTs are securities’Members of the community pointed out that the description written by the SEC applies to “quite a few” NFT projects.
Source: Cointelegraph - 🏆 562. / 51 Read more »