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Ripple Ruling Favors Coinbase
Description
Court Ruling Strengthens Coinbase's Case Against SEC:
Recent court ruling in favor of Ripple strengthens Coinbase's legal case against the SEC, determining XRP token purchases on exchanges were not securities transactions. Court also determined selling XRP to sophisticated investors or institutional clients constituted a securities transaction. Significant ramifications if crypto assets are determined to be securities.
Recent court ruling in favor of Ripple strengthens Coinbase's legal case against the SEC, determining XRP token purchases on exchanges were not securities transactions. Court also determined selling XRP to sophisticated investors or institutional clients constituted a securities transaction. Significant ramifications if crypto assets are determined to be securities.
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