Northern

<ul class="wp-block-list news-points"> 
 <li><strong>Kraken’s legal win challenges SEC’s crypto regulation, influencing future industry rulings.</strong></li> 
 <li><strong>Ripple’s legal team views Kraken ruling as a reinforcement against crypto asset security claims.</strong></li> 
 <li><strong>XRP’s price remains unstable despite positive legal outcomes for other exchanges.</strong></li> 
</ul> 
<p>The recent development in the <a href="https://coinedition.com/krakens-fight-against-sec-continues-dismissal-denied/">SEC vs. Kraken case</a> has sparked a debate within the crypto community. Kraken’s Chief Legal Officer Marco Santori had shared a post on X outlining the Federal Court for the Northern District of California’s citing tokens traded on Kraken <a href="https://coinedition.com/kraken-win-court-rejects-secs-tokens-are-securities-claim/">do not qualify as securities.</a></p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">Today, the Federal Court for the Northern District of California ruled, as matter of law, that none of the tokens trading on Kraken are securities. <br><br>This is a significant win for Kraken, for the principle of clarity and for crypto users everywhere. It also confirms Kraken’s…</p>— Marco Santori (@msantoriESQ) <a href="https://twitter.com/msantoriESQ/status/1827062758262894920?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">August 23, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>Industry leaders, including Ripple’s Chief Legal Officer Stuart Alderoty, have taken notice of the ruling. Alderoty emphasized the significance of the court’s decision, stating it reinforces the idea that the term ‘crypto asset security’ <a href="https://x.com/s_alderoty/status/1827175113072029871" target="_blank" rel="nofollow">is fundamentally flawed.</a></p> 
<p>This outcom…</p>
<p>The post <a href="https://coinedition.com/xrp-price-stalls-kraken-ruling-not-enough-to-spark-rally/">XRP Price Stalls: Kraken Ruling Not Enough to Spark Rally</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

XRP Price Stalls: Kraken Ruling Not Enough to Spark Rally

Coin Edition

Other articles published on Aug 24, 2024

Super Bullish Ripple (XRP) Price Prediction, But Some Worrying Signs Appear

Uniswap and Arbitrum in Regulatory Crosshairs After Prometheum Custodial Platform Addition

Bitcoin’s Drop Affects PEPE Coin’s Performance

Big tech is prepping an explosive pivot to robotics

Must Buy Meme Coins Next Week As Bitcoin Nears $65K

Binance Labs Invests in Four BNB Chain Projects

Join our free newsletter for daily crypto updates!