Order

David

Circuit

New Order

Ripple CTO David Schwartz reacts to the recent ruling in the Coinbase vs. SEC lawsuit. 
Ripple CTO David Schwartz has reacted to the recent ruling in Coinbase’s lawsuit against the SEC over the exchange’s petition for basic crypto rules. 
<h2 id="span-data-preserver-spaces-true-judge-issues-new-order-in-coinbase-vs-sec-span">Judge Issues New Order in Coinbase vs. SEC&nbsp;</h2> 
Recall that Coinbase&nbsp;sued the SEC in April 2023 to force the regulator to respond to its July 2022 petition that the exchange filed aiming for a rule specific to digital assets. 
In a tweet yesterday, Coinbase’s Chief Legal Officer Paul Grewal provided an update on the lawsuit. According to Grewal, Third Circuit Judge Cheryl Ann Krause ruled that the court would retain jurisdiction of the case. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 The Third Circuit just ruled that it will retain jurisdiction over our challenge to the SEC's inaction on our petition for basic rules for crypto. A further report is due in 120 days. We are grateful that the Court will continue to shine a bright light on an SEC process that… <a href="https://t.co/wQu52UuCoU">pic.twitter.com/wQu52UuCoU</a> 
 — paulgrewal.eth (@iampaulgrewal) <a href="https://twitter.com/iampaulgrewal/status/1671271479743483904?ref_src=twsrc%5Etfw">June 20, 2023</a> 
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
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 Judge Ann ordered the SEC to update the court on their progress toward getting a staff recommendation on or before October 11, 2023. ...
 <a href="https://thecryptobasic.com/2023/06/21/ripple-cto-says-federal-judges-now-feel-the-frustration-people-have-with-sec/">Read more</a>
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Ripple CTO Says Federal Judges Now Feel the Frustration People Have With SEC

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