Crypto Industry Could Experience “Ripple Effect,” Chris Dolmetsch Says

Quick Summary:

Chris Dolmetsch, Bloomberg’s legal reporter, recently opined that the Ripple case could bode well for the broader crypto industry.  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.

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.

As reported, Ripple was ordered to shell out $125 million by the court.

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Article Details

Author / Journalist: Sofiya

Category: Crypto

Markets: India

Topics: Latest News Ripple Effect Chris Dolmetsch News Experience Crypto industry.

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-15 @ 03:38:57 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 292 words

Reading Time: 2 minutes read

Sentences: 16 lines

Sentence Length: 19 words per sentence (average)

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

Copyright Owner: © BitcoinWorld

News ID: 22084130

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