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<p>The post <a rel="nofollow" href="https://coinpedia.org/news/decoding-ripples-legal-approach-contrasting-binances-strategy-in-sec-battle/">Decoding Ripple’s Legal Approach: Contrasting Binance’s Strategy in SEC Battle</a> appeared first on <a rel="nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>Popular XRP enthusiast WrathofKahneman has brought attention to Ripple’s legal strategy in light of recent developments in the SEC vs. Binance lawsuit. The Securities and Exchange Commission (SEC) recently charged Binance, a leading cryptocurrency exchange, with facilitating the trading of unregistered securities and alleged mishandling of customer funds.&nbsp;</p> 
<p>In response, Binance has taken an offensive stance, accusing the SEC of unethical behavior. These events have sparked discussion within the crypto community, drawing reactions from other enthusiasts.&nbsp;</p> 
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   <p lang="en" dir="ltr">Why do you think Ripple didn't pursue this angle given the emails?</p>— WrathofKahneman 
   <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1fa9d.png" alt="🪝" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@WKahneman) <a href="https://twitter.com/WKahneman/status/1671955074220974080?ref_src=twsrc%5Etfw">June 22, 2023</a>
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<p>Attorney Fred Rispoli, known for his advocacy of the XRP cryptocurrency, expressed his satisfaction with Binance’s bold legal stance. Rispoli commended attorneys McLucas and Canellos for their actions, which align with the principles of HODL Law, a legal entity established to protect the blockchain industry.&nbsp;</p> 
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 <p>He asked, “Why do you think Ripple didn’t pursue this angle given the emails?” Fred replied saying, “My guess would be because it wasn’t as obvious then as Ripple was the first case where SEC record pushback. But now with Coinbase, Coinbase’s petition, Bittrex, Binance, the insider Coinbase case…the foundation is solid to assert such a claim.”</p> 
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<p>Binance has taken a proactive stance against the SEC in its ongoing federal court case. The legal team representing Binance has submitted a motion accusing the SEC of unethical behavior. This development carries significant weight as Binance has alleged that the SEC violated court rules by making false statements outside of the courtroom.&nbsp;</p> 
<p>Binance is urging the court to mandate that the SEC adhere to the applicable court rules. Binance’s argument is based on the fact that, despite repeated questioning by the judge, the SEC attorneys failed to provide any evidence supporting the claim that Binance CEO Changpeng Zhao diverted or mingled customer assets. Furthermore, Binance asserts that the SEC’s actions not only contravene court rules but also violate the SEC’s own Code of Conduct.&nbsp;</p>

Decoding Ripple’s Legal Approach: Contrasting Binance’s Strategy in SEC Battle

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