HomeBinanceWhat You Need to Know About SEC Using Ripple Case in Lawsuit...

What You Need to Know About SEC Using Ripple Case in Lawsuit Against Binance

-


The Ripple Effect: SEC Uses Ripple Case to Strengthen Lawsuit Against Binance

The battle between the SEC and Binance has taken a new turn as the SEC is now using the Ripple XRP case to strengthen its lawsuit against Binance, Binance.US, and former CEO Changpeng Zhao. The SEC’s inclusion of the Ripple case in its arguments against Binance shows the agency’s strategic approach to the case.

With most discovery disputes settled, the Binance lawsuit is nearing resolution, with various motions currently before the court. The recent ruling in favor of Ripple on several securities violation allegations by Judge Hamilton has added a new dimension to the case. Ripple CEO Brad Garlinghouse still faces trial over allegations of making misleading statements about XRP sales, but remains confident about clarifying the issue during the trial.

The SEC plans to use Judge Hamilton’s opinion and Garlinghouse’s statements strategically to influence the Second Circuit’s upcoming decision on whether XRP sales should be considered securities. The outcome of these high-stakes cases could reshape regulations in the cryptocurrency sector, potentially impacting major exchanges and assets.

With another potential landmark ruling on the horizon, the crypto market is watching SEC vs Binance with bated breath. Stay tuned for more updates on this developing story.

LATEST POSTS

Binance.US is ‘Ready’ as SEC Lawsuit Progresses

Binance.US Prepared to Face SEC Lawsuit, Vows to Continue Legal Battle Binance.US Ready to Face SEC in Legal Battle Crypto exchange Binance.US is gearing up for...

Maincard.io Debuts on TON Blockchain, Transforming the World of Sports Betting

Maincard.io Launches on TON Blockchain: Revolutionizing Web3 Sports Fantasy Gaming Maincard.io, the leading Web3 sports fantasy card game, has made a groundbreaking move by officially...

Bitfarms’ June Bitcoin mining output increases by 21% compared to previous month, reaching 189 bitcoins

Bitfarms Mining Operations Thrive Amid Hostile Takeover Battle Bitfarms, a leading cryptocurrency mining company, is facing a hostile takeover attempt from Riot Platforms as it...

The enduring positive correlation between bitcoin and stocks

Cryptocurrency Outlook and Expert Insights: Bitcoin Stability, Ethereum Gains, and Political Influence Bitcoin (BTC-USD) has been on a rollercoaster ride in recent months, but it...

Most Popular