MEXCSEC Appeal Against Ripple Ruling; Mark Cuban, Coinbase CLO Points Outlying
XRP News: U.S. Securities and Exchange Commission (SEC) in the recent court filings against Terraform Labs and Do Kwon suggested that an appeal would be filed opposing the XRP lawsuit judgment. The commission believes that federal judge Analisa Torres did a mistake in the landmark ruling for the crypto market.
Also Read: XRP Attorneys Respond As SEC Denies Torres Doctrine
SEC Unable To Present One Case To Defend Itself
According to court filings, SEC stated that its staff is considering the various available avenues for further review and intends to recommend a review in the XRP lawsuit ruling. It added Ripple’s reasoning seems to be impossible to go with all of the fundamental securities laws principles.
Chief Legal Officer for Coinbase, Paul Grewal took cognizance of the SEC court fillings in the Do Kwon case. He mentioned that the commission has been unable to cite any case in which the level of the Howey Test varies based on the nature of the investors at issue.
He added that the SEC has never been able to present on case based on its assumptions in the past and once again they want to argue policy over the law as it is. However, Coinbase, the U.S. biggest crypto exchange is also facing major legal action from the SEC. It is alleged that Coinbase neglected securities and trading laws. Read More XRP News Here…
Appeal Against Ripple Ruling A Good Option?
Over this assumption presented by SEC, Billionaire investor Mark Cuban highlighted that the commission is referring to every buyer as an investor. Meanwhile, this is not the case and Ripple made that clear anyway.
Cuban stated that Securities have just one purpose and that is to be a security. For DeFi or CEX buyers, it becomes impossible to identify why a buyer is buying. However, it is possible to look at the blockchain and check the transactions based on the use of the token.
- Metaplanet Stock Surges 10% on Share Repurchase, Capital Allocation Policy
- AI Meets Smart Routing: Screx Sets a new efficiency Benchmark in DeFi
- Solana, Litecoin, HBAR ETFs by Bitwise, Canary, and Grayscale to Start Trading This Week
- Analyst Slams S&P’s ‘B-’ Rating for Strategy Inc, Says Bitcoin Treasury Model Is “Misunderstood”
- Metamask Airdrop Countdown Begins as Wallet Team Registers Token Claim Domain
- Polymarket Traders Bet Ethereum Price to Hit $5,000 as Bullish Pattern Forms
- Dogecoin Price Prediction As Whales Scoop Over $300 Million- Is A Bull Run Ahead?
- Pi Coin Price Jumps 24% as 10M Tokens Exit Exchanges – Can Bulls Sustain the Momentum?
- Bitcoin Price Prediction If President Trump Announces Deal with China on October 30th- Can BTC Break $125k?
- Analyst Eyes Key Support Retest Before a Rebound for Ethereum Price Amid $93M ETF Outflows and BlackRock Dump
- Bitcoin Price Eyes $120K Ahead of FED’s 98.3% Likelihood to Cut Rates
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.
