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 <h2 id="xrp-community-on-sec-asking-coinbase-to-delist-all-crypto">XRP Community On SEC Asking Coinbase to Delist All Crypto</h2> 
 <p>Pro-XRP lawyers including John E. Deaton, Bill Morgan, and others comment on the latest news of the US SEC asked Coinbase to stop trading all crypto except Bitcoin before the lawsuit.</p>  
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 <p><strong>John Deaton</strong> said the SEC is trying to build an anti-crypto narrative and the latest report shows how significant Judge Torres’ ruling in the <em>US SEC v. Ripple Labs.</em> “<span class="css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0">If the SEC had won the case as it had hoped, </span>Gary Gensler and <span class="r-18u37iz">Elizabeth Warren’</span><span class="css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0">s anti-crypto army would’ve been out in full force,” said Deaton.&nbsp;</span></p> 
 <blockquote> 
  <p><span class="css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0">“Do you think all Democrats who’ve spoken out since the Torres Decision, including the 6 who voted in favor of the Bill coming out of the</span> Financial Services Committee<span class="css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0">, would’ve done what they did had Torres ruled </span><span class="r-18u37iz"><a rel="noopener noreferrer nofollow" title="XRP" href="https://thebittimes.com/tag/xrp.html">XRP</a></span><span class="css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0"> is a security? Of course not.”</span></p> 
 </blockquote> 
 <p>Lawyer <strong>Bill Morgan</strong> argues the Torres ruling is a crucial decision for the crypto industry, especially her reasoning that <a rel="noopener noreferrer nofollow" title="XRP" href="https://thebittimes.com/tag/xrp.html">XRP</a> token itself is not a security. It probably would apply to most tokens on the <a rel="noopener noreferrer nofollow" title="Coinbase" href="https://thebittimes.com/tag/coinbase.html">Coinbase</a> exchange. In fact, <a rel="noopener noreferrer nofollow" title="Coinbase" href="https://thebittimes.com/tag/coinbase.html">Coinbase</a> wasn’t trading <a rel="noopener noreferrer nofollow" title="XRP" href="https://thebittimes.com/tag/xrp.html">XRP</a>, but relisted <a rel="noopener noreferrer nofollow" title="XRP" href="https://thebittimes.com/tag/xrp.html">XRP</a> immediately after the ruling.</p>  
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 <p><strong>Also Read: Terra Luna Classic Burn Hits 70 Billion Milestone Ahead Major Burn By Binance</strong></p> 
 <h2 id="coinbase-clo-paul-grewal-highlights-key-point-in-torres-ruling">Coinbase CLO Paul Grewal Highlights Key Point in Torres Ruling</h2> 
 <p><a rel="noopener noreferrer nofollow" title="Coinbase" href="https://thebittimes.com/tag/coinbase.html">Coinbase</a> chief legal officer Paul Grewal in a post on July 31 said Judge Torres’ ruling will remain a major decision for the crypto industry. He added that “A judge’s job is to apply the law as it is, not fill gaps in it, Judge Torres understood this.”</p> 
 <p>He cites lawyer Lewis Cohen’s tweet on the precedent Sinva v. Merrill Lynch used by Judge Torres in the ruling. The judge rejected a key SEC’s argument that speculative trading of <a rel="noopener noreferrer nofollow" title="XRP" href="https://thebittimes.com/tag/xrp.html">XRP</a> indicates that the securities laws should apply.</p> 
 <p><strong>Also Read: Binance Becomes First Crypto Exchange To Get Major License In Dubai</strong></p> 
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XRP Lawyers, Coinbase CLO Share Significance Of Judge Torres' Ripple Ruling

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