Claim $500Just-In: Binance.US To Get Wells Notice Next? XRP Lawyer Claims This
Crypto News: The global digital asset industry is constantly in the crosshair of the U.S. Securities and Exchange Commission (SEC). Gary Gensler led commission on Thursday issued a warning to the crypto exchange Coinbase in the form of a Wells Notice. After this development, XRP holders’ lawyer in the US SEC v Ripple lawsuit believes that more exchanges might receive this warning ahead.
Crypto Exchanges On US SEC Crosshair
Attorney John Deaton, amicus curiae in the XRP lawsuit believes that the US SEC’s war against the crypto industry after the Coinbase incident might come to an end. He claimed that the commission is allowing the incumbents to get a major piece of the industry by applying regular objections.
As per XRP holders’ lawyer claims that Caitlin Long Founder and CEO of Custodia Bank stated that other firms have also received Wells Notices with Coinbase. However, he doubts that the US’s biggest crypto exchange was the only one to receive the warning.
Also Read: Coinbase (COIN) Price Tumbles After SEC Flags Potential Legal Probe
He added that crypto exchanges like Kraken, Binance.US, Binance and other have also received a Well notice and if not then they will get it soon. However, he highlighted that the US SEC doesn’t have the resources to take on a fight with everyone. The commission’s plan is to crush the market to get incumbents to get entry. Read More Crypto News Here…
As reports, Coinbase Global Inc (NASDAQ: COIN) shares price dropped by 13% after the US SEC served it with a warning. However, Coinbase executives came together to take on the fight against the commission’s regulatory enforcement.
Also Read: Binance.US To Get Wells Notice Next? XRP Lawyer Claims This
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Premium Partners
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Fed Pumps $2.5B Overnight—Will Crypto Market React?
- Crypto-Based Tokenized Commodities Near $4B Milestone as Gold and Silver Hit Record Highs
- Largest Ethereum Treasury Company Bitmine Enters Staking, Deposits 74,880 ETH
- Brian Armstrong Praises Indian Police for Arresting Ex-Agent in $400M Coinbase Hack
- JPMorgan Flags Risky Stablecoin Activity, Freezes Account of Two Firms
- Pi Network Price Holds $0.20 After 8.7M PI Unlock, 19M KYC Milestone-What’s Next?
- XRP Price Prediction Ahead of US Strategic Crypto Reserve
- Ethereum Price Prediction Ahead of the 2026 Glamsterdam Scaling Upgrade – Is $5,000 Back in Play?
- Cardano Price Eyes a 40% Surge as Key DeFi Metrics Soar After Midnight Token Launch
- FUNToken Price Surges After MEXC Lists $FUN/USDC Pair
- Bitcoin Price on Edge as $24B Options Expire on Boxing Day — Is $80K About to Crack?
