<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
Chris Dolmetsch, Bloomberg's legal reporter, recently <a href="https://www.bloomberg.com/news/articles/2024-08-13/doj-considers-seeking-google-goog-breakup-after-major-antitrust-win" rel="noopener noreferrer nofollow">opined</a> that the Ripple case could bode well for the broader cryptocurrency industry.&nbsp;
Elliott Stein, senior litigation analyst, believes that the recent court ruling could potentially help Coinbase, the largest US cryptocurrency exchange, in its own battle against the SEC.&nbsp;&nbsp;
The SEC took Coinbase to court last June, accusing the exchange giant of operating as an unregistered broker and clearing agency. Coinbase's motion to dismiss the lawsuit was rejected in June in a major blow to the exchange.&nbsp;
Stuart Alderoty, Ripple's chief legal officer,&nbsp;<a href="https://x.com/s_alderoty/status/1710045433391661498?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1710045433391661498%7Ctwgr%5Eea620341abe31d850e4522a63b457433990223cb%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fu.today%2Fripple-clo-finds-so-much-wrong-in-secs-coinbase-brief" rel="noopener noreferrer nofollow">slammed</a> the SEC's arguments in the Coinbase case after the agency argued that digital assets have no inherent value.&nbsp;
As reported by U.Today, Ripple was ordered to shell out $125 million by the court. The ruling was framed as a victory for the company by the San Francisco-headquartered company since the SEC was initially asking for a whopping $2 billion worth of fines and penalties.&nbsp;
At the same time, Dolmetsch has noted that the case might not be over just yet since the agency could still appeal the court's decision.&nbsp;
As&nbsp;<a href="https://u.today/ripple-lawsuit-might-make-it-to-supreme-court-former-sec-litigator" rel="noopener noreferrer nofollow">reported by U.Today</a>, a former SEC litigator predicted an SEC lawsuit against Ripple or Coinbase could make it all the way to the Supreme Court.&nbsp;

Crypto Industry Could Experience “Ripple Effect,” Top Expert Says

U_Today

Other articles published on Aug 14, 2024

Manhunt Underway in Malaysian Kidnap for Crypto Ransom Case

How To Maximize Your Cryptocurrency Actives in 2024

Solana Memecoin New Pepe Will Skyrocket 16,000% Ahead of Exchange Listing, While DOGE and SHIB Pl...

Hong Kong launches generative AI Sandbox for finance sector

CoinShares CEO: ‘If You’re Not Profitable with Bitcoin at $60,000, When Will You Be?’

Bitcoin Price Surges Past $61,800 After CPI Data Release

Join our free newsletter for daily crypto updates!