In the ever-evolving landscape of crypto regulation, legal battles continue to shape the industry’s future, especially with the recent&nbsp;battle&nbsp;of Ripple and Coinbase against the SEC.&nbsp;Notably, amid ongoing scrutiny from regulatory bodies like the U.S. Securities and Exchange Commission (SEC), Ripple’s legal saga&nbsp;takes center stage once again.&nbsp;For context, recent comments from pro-XRP lawyer <a href="https://coingape.com/pro-xrp-lawyer-coinbase-loss-boosts-sec-position-xrp-programmatic-sales-case/" target="_blank" rel="noopener">Bill Morgan</a> shed light on the intricacies of Ripple’s programmatic sales and their legal implications, offering a glimpse into the complexities of the case. 
<h2 id="span-data-preserver-spaces-true-xrp-lawyer-shares-legal-insights-span">XRP Lawyer Shares Legal Insights</h2> 
Amid mounting tensions surrounding Ripple’s legal battle with the SEC, pro-XRP lawyer Bill Morgan weighs in on the potential ramifications of recent developments. Notably, Morgan’s commentary comes in response to FOX journalist Eleanor Terret’s update.&nbsp; 
In a recent X post, Eleanor Terret highlights the SEC’s stance on <a href="https://coingape.com/glossary/coinbase/" target="_blank" rel="noopener">Coinbase’s</a> request for an interlocutory appeal regarding conventional securities rules’ application to cryptocurrencies. However, the XRP lawyer’s remarks suggest a nuanced interpretation of Ripple’s programmatic sales in light of ongoing legal proceedings. 
Meanwhile, Morgan emphasizes the significance of <a href="https://coingape.com/ripple-xrp-news-judge-torres-to-deny-sec-motion-in-remedies-phase/" target="_blank" rel="noopener">Ripple’s</a> case in establishing a precedent for programmatic sales’ regulatory status, particularly in the absence of court precedents aligning with the SEC’s position. In addition, he even said that if Ripple prevails without an appeal, it could set a precedent wherein programmatic sales may not require registration.&nbsp; 
Precisely, Bill Morgan’s comment and insights have gained traction, as the situation he&nbsp;said,&nbsp;could potentially offer Ripple respite amidst regulatory scrutiny. However, the broader implications of such a ruling remain subject to legal interpretation and subsequent developments in the case. 
Also Read: <a href="https://coingape.com/billionaire-mark-cuban-us-sec-cftc/" target="_blank" rel="noopener">Billionaire Mark Cuban Calls US SEC Incapable of Handling Crypto Regulations</a> 
<h2 id="span-data-preserver-spaces-true-rising-tensions-in-the-sec-vs-coinbase-case-span">Rising Tensions In The SEC Vs. Coinbase Case</h2> 
The SEC’s resistance to Coinbase’s appeal underscores the regulatory uncertainty surrounding <a href="https://coingape.com/glossary/cryptocurrency/" target="_blank" rel="noopener">cryptocurrency</a> classification and the application of securities laws. Notably, the agency’s dismissal of Coinbase’s argument reflects its steadfast commitment to established legal frameworks, notably the Howey Test, in assessing digital assets’ status as securities.&nbsp; 
In addition, the <a rel="nofollow" href="https://www.dropbox.com/scl/fi/5wwg8cx0w4l1zivj3mxf9/SEC_Brief_in_Opposition_to_Coinbase_Motion_to_Certify_Interlocutory_Appeal.pdf?rlkey=f0aqab271gz7okykxhqwjai54&amp;e=2&amp;dl=0" target="_blank">SEC’s</a> skepticism towards Coinbase’s attempt to redefine existing legal standards highlights the challenges inherent in adapting traditional securities laws to the evolving crypto landscape. 
Meanwhile, the SEC has faced heavy backlash from the crypto market due to regulatory overreach in the digital asset space.&nbsp;Now,&nbsp;with the discussions intensifying with the ongoing Ripple&nbsp;Vs&nbsp;SEC and Coinbase&nbsp;Vs&nbsp;SEC battle, the investors are seeking more clarity on the legal ground.&nbsp;In addition, the decisions could also shape a new era for <a href="https://coingape.com/glossary/crypto-regulation/" target="_blank" rel="noopener">crypto regulation</a>. 
However, amid this, Ripple’s native crypto, <a href="https://coingape.com/price/xrp/" target="_blank" rel="noopener">XRP price</a> fell 2.30% to $0.5052, while its trading volume rose 5.30% to $1.03 billion.&nbsp;Notably, the&nbsp;dip in the XRP price could&nbsp;be also&nbsp;attributed&nbsp;to the recent selloff in the broader crypto market. 
Also Read: <a href="https://coingape.com/trending/how-the-crypto-market-is-performing-today/" target="_blank" rel="noopener">How the Crypto Market Is Performing Today?&nbsp;</a> 
The post <a href="https://coingape.com/ripple-lawsuit-pro-xrp-lawyer-shares-legal-insights-xrp-programmatic-sales/">Ripple Lawsuit: Pro-XRP Lawyer Shares Legal Insights On XRP Programmatic Sales</a> appeared first on <a href="https://coingape.com">CoinGape</a>.

Ripple Lawsuit: Pro-XRP Lawyer Shares Legal Insights On XRP Programmatic Sales

目录

Coingape News Media

发布于 2024年5月11日的其他文章

Top Ethereum ETF Applications

Undervalued Altcoins To Watch in May

Interpol Nigeria boosts cybersecurity with virtual asset training

Swisstronik Announces Ambassador Program Launch

Match System’s CEO Andrei Kutin Announces Full Recovery of $68 mln Stolen Crypto Assets from Cryp...

PEPE Enjoyed Bull Run: Can It Make New ATH? Here’s an Outlook

订阅我们免费的电子期刊，获取每日最新加密领域动态！