Coin Gabbar Token

The US-based cryptocurrency exchange Coinbase has publicly backed Ripple in the XRP case. In order to support Ripple&#39;s Fair Notice Defense, the crypto exchange has asked the court to receive an amicus brief. However, after the US SEC initiated a lawsuit against Ripple, Coinbase was among the first exchanges to delist and stop trading in XRP.<h2 id="header-0">In the XRP litigation, Coinbase stands up for Ripple by asking the court to accept an Amicus Brief on Ripple&#39;s behalf.</h2>The US-based cryptocurrency exchange Coinbase has publicly backed Ripple in the XRP case. In order to support Ripple&#39;s Fair Notice Defense, the crypto exchange has asked the court to receive an amicus brief. However, after the US SEC initiated a lawsuit against Ripple, Coinbase was among the first exchanges to delist and stop trading in XRP.Coinbase claims the SEC&#39;s rules have significant gaps.According to the documents, Coinbase has a special insight into the problems between the SEC and Ripple. The cryptocurrency exchange has officially asked the Commission to direct the market by establishing explicit regulations. Market participants should be more knowledgeable and aware of what to anticipate going forward.The regulatory framework created for digital assets, in the opinion of Coinbase, has a significant gap. However, in cases where Ripple might encounter unexpected enforcement efforts like this, it must be permitted to pursue fair notice defences.According to Coinbase, it is illegal for the SEC to have failed to provide Ripple a fair warning that its actions are unlawful.Similar to ETH and BTC as XRP?It was emphasised that the SEC had claimed that XRP was a &#34;security&#34; back in 2020. Simply making this accusation hurt market participants severely. After the complaint was filed, US platforms decided to take <a href="https://www.coingabbar.com/en/crypto-currency/ripple-xrp-prices-usd" rel="noopener noreferrer nofollow">XRP</a> from their lists.In the end, this caused the market capitalization of XRP to drop by $15 billion. While this also resulted in huge losses for its clients. However, Coinbase emphasised that XRP and Bitcoin and Ether were quite comparable. Prior to the XRP lawsuit being filed, XRP was the third-largest cryptocurrency by market cap, after BTC and ETH.It is significant to note that by suing XRP token dealers following public remarks indicating that the transactions were legal. It went on to say that the US watchdog had forgotten this fundamental idea.

Will Coinbase relist XRP After Publically Endorsing Ripple?

Table of Contents

Coingabbar

Other articles published on Nov 7, 2022

Elon Musk Game Changer, Is Dogecoin Enabled Twitter Subscription?

Pangolinu Is The Currency That Allows Users To Create, Breed, Care For, and battle the user Pango...

Gate.io Sees 100% Increase in the Reserves of User Assets under Proof-of-Reserves Attestation

Formless Joins Hands with MixMarvel in Facilitating Web3 Gaming Development

HitBTC Wallet App Update: Asset Filters and More

BNB Chain Builder Grant Crowns First Winners

Join our free newsletter for daily crypto updates!