Unfortunately, $COIN is rapidly losing as regulatory unclarity still persist in the space, and even positive $XRP decision in court cannot save it
, after its years of operation and widespread adoption, was not categorized as a security, it would set a precedent. This could potentially shield other digital assets and their token offerings from similar regulatory scrutiny.
Thus, the pro-Ripple ruling indirectly bolstered Coinbase's stock, signaling relief to other crypto businesses fearing regulatory crackdowns. The sentiment was that if the SEC could not establish as a security, other entities like Coinbase might have a more robust defense against any accusations of similar nature.However, the jubilation was short-lived. Despite the initial pump, Coinbase's stock soon retreated from its gains. One can speculate that while the Ripple ruling provided momentary optimism, it did not entirely alleviate broader concerns about the regulatory environment for crypto enterprises.
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Coinbase Seeks Dismissal of SEC Lawsuit, Is XRP-Like Win in View?Coinbase has officially filed motion to dismiss SEC's security suit
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XRP and LTC Futures Gain Momentum on CoinbaseCoinbase International has reported a trading volume of $43.7 million for XRP and Litecoin perpetual futures since their Aug. 1 debut. Coinbase's international exchange for cryptocurrency derivatives allows institutional users outside the U.S. to engage in perpetual futures trading, as the industry seeks recovery from past disruptions and Coinbase battles the U.S. Securities and Exchange Commission (SEC).
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Ripple Locks Massive 800 Million XRP, Here's How Much XRP Company Still OwnsRipple fintech firm has put 800 million XRP back in escrow, revealing in recent report true size of its XRP holdings
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Gemini Teases Major XRP AnnouncementGemini, a cryptocurrency exchange, hints at a significant announcement regarding XRP. After delisting XRP following the SEC complaint in 2020, Gemini, along with other major exchanges, has now relisted XRP. The XRP community eagerly awaits Gemini's decision to relist the cryptocurrency.
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Gemini Expressing Excitement About XRPGemini, a leading cryptocurrency exchange, is showing renewed interest in Ripple-associated XRP. This comes after a pivotal decision that secondary sales of XRP tokens do not classify as securities, leading to a relisting of XRP by major exchanges. Tyler Winklevoss, a key figure behind Gemini, believes this ruling could also be beneficial for Coinbase in its ongoing dealings with the SEC.
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Price analysis 8/2: BTC, ETH, BNB, XRP, DOGE, ADA, SOL, MATIC, LTC, DOTTraders are afraid that Bitcoin price is prepped for further downside, and this is bound to have a negative knock-on effect on most altcoins.
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