News

Ripple, Coinbase Together Against US SEC? Ripple Legal Chief Drops Hint

Coinbase Global Inc got served with a Wells Notice from the U.S. Securities and Exchange Commission (SEC).
Published by
Ripple, Coinbase Together Against US SEC? Ripple Legal Chief Drops Hint

XRP News: The U.S. Securities and Exchange Commission (SEC) flagged of warning of launching enforcement against the nation’s largest crypto exchange, Coinbase. The digital asset leaders are showing their support in the favor of Coinbase as the exchange hints at going to a battle against the US SEC.

Advertisement

Ripple To Help Out Coinbase?

Stuart Alderoty, Chief Legal Officer, the person who is leading Ripple Labs and Defendants in the long running legal tussle against the US SEC, hinted at showing support to Coinbase.

As the commission sent Wells Notice to the crypto exchange, Ripple Lawyer wrote that “Enemy of my enemy is my friend’. However, he didn’t stop here and went on to share Paul Grewal, Chief Legal Officer of Coinbase’s take over the US SEC issued warning.

Coinbase’s Chief Legal Officer in a long thread mentioned that they received a Wells Notice from the commission after years of seeking reasonable rules around crypto assets. The exchange is simply disappointed that the US SEC is considering courts and not looking to form a constructive dialogue. However, he assured that Coinbase will defend the rule of law. Read More XRP News Here…

Also Read: Coinbase (COIN) Price Tumbles After SEC Flags Potential Legal Probe

Grewal highlighted that over the last 9 months, US SEC and Coinbase had met more than 30 times. These meetings involved the crypto exchange’s path to registration. He claims that the commission hasn’t provided any feedback or policy over what to change or how to register.

Attorney John Deaton, Amicus Curie in the XRP lawsuit presented a scenario where Coinbase has “Fair Notice Defense 2.0” on its side. While Supreme Court Justice in Bittner vs U.S. discussed how a defendant must get a fair warning for their conduct. He added that the outrage may cause the commissioners not to get 3 votes, however, he assumes that it is 3-2 right now.

Also Read: Bitcoin Price and Crypto Market Tank Over SEC’s Action on Coinbase

Advertisement

Share
Ashish Kumar

Ashish believes in Decentralisation and has a keen interest in evolving Blockchain technology, Cryptocurrency ecosystem, and NFTs. He aims to create awareness around the growing Crypto industry through his writings and analysis. When he is not writing, he is playing video games, watching some thriller movie, or is out for some outdoor sports. Reach me at ashish@coingape.com

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and 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.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • News

Traders Price In Two More Fed Rate Cuts This Year After Soft Inflation Data

Traders are betting on the FOMC to make two more rate cuts this year following…

October 24, 2025
  • News

Crypto.com Joins Ripple in Banking License Bid Amid Industry Push for Market Structure Bill

Crypto.com has submitted an application with the U.S. National Trust Bank Charter. It aims to…

October 24, 2025
  • Bitcoin News

Breaking: U.S. CPI Comes In Lower Than Expectations, Bitcoin Rises

The U.S. CPI inflation data came in below expectations, increasing the odds of two more…

October 24, 2025
  • Uncategorized

Bitcoin Crash Incoming? Tom Lee Backs Peter Brandt’s 50% Decline Prediction Despite Strong ETF Inflows

BitMine’s Tom Lee and veteran trader Peter Brandt have both warned of a potential 50%…

October 24, 2025
  • News

Breaking: JPMorgan Enables Institutions to Use Bitcoin, Ethereum as Collateral

In a ground-breaking Bitcoin news development today, financial giant JPMorgan on Friday said it plans…

October 24, 2025
  • News

Changpeng Zhao Comeback? PolyMarket Set 62% Odds of Binance Return by December Following Trump Pardon

In fresh developments, there has been growing speculation that Changpeng Zhao (CZ) could return to…

October 24, 2025