Breaking: US SEC Leverages Ripple XRP Case in Binance Lawsuit

Quick Summary:

Securities and Exchange Commission (SEC) brings the court’s attention to a recent ruling in the Ripple class action, leveraging the Ripple XRP case in the Binance lawsuit.

It follows as a legal opinion by a California district court judge completely varies from a decision on XRP as not security by an SDNY judge.

Litigation ruled in favor of Ripple, dismissing most arguments by the plaintiff against Ripple over securities violation.

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Article Details

Author / Journalist: Varinder Singh

Category: Crypto

Markets: India

Topics: Securities and Exchange Commission Binance vs SEC 24/7 Cryptocurrency News Xrp Lawsuit Ripple

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-22 @ 07:45:54 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 402 words

Reading Time: 3 minutes read

Sentences: 38 lines

Sentence Length: 11 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 21334979

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 23 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 9 hours ago

Coverage Areas: India

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