The recent ruling on Ripple's XRP token is a win for Coinbase as it narrows the exchange operator’s downside risk, according to JPMorgan.
Ripple’s XRP ruling favors Coinbase, according to JPMorgan analysts, because it may be applied to the 13 tokens the SEC alleged are securities in its lawsuit against Coinbase last month.Stay updated on Pro Crypto Ecosystems news by locking ACS tokens with The Block.No wallet? No problem. You can set one up for free. We recommend Torus for first-time users.
"If the Ripple case stands, it would appear more challenging for the SEC to demonstrate the 13 [tokens] are securities and that Coinbase is an unregistered securities exchange thus excusing it from certain future licensing and regulatory requirements," the analysts wrote.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Ripple’s XRP Token Surges 28% After Court Rules XRP Sales Aren’t Investment ContractsRipple’s XRP token surges 28% after the District Court for the Southern District of New York rules XRP sales aren’t investment contracts. reporting
Weiterlesen »
Coinbase, Other Crypto Exchanges Relist XRP Following Ruling in SEC v Ripple Case – Exchanges Bitcoin NewsCoinbase and several other crypto exchanges have relisted $XRP following a landmark ruling in the SEC v. Ripple case.
Weiterlesen »
Ripple’s XRP Summary Judgment Positive for Coinbase, Price Target Raised to $120: NeedhamNeedham raised its price target on Coinbase shares, saying the positive U.S. district court ruling on Ripple’s XRP token should moderately de-risk regulatory pressure on the crypto exchange’s stock. $COIN willcanny99 reports.
Weiterlesen »
Ripple CTO Missed Out on This Stock Following XRP RulingRipple's JoelKatz shares the stock he could have bought amid XRP-induced market rally
Weiterlesen »
Ripple's XRP token surges 28% as court issues ruling, sends case to trialXRP token rose precipitously, rising more than 25%.
Weiterlesen »
Ripple’s XRP token was a security sometimes, a judge rulesA court ruling finds that institutional sales by Ripple were, in fact, unregistered securities. But sales by algorithms and through exchanges weren’t.
Weiterlesen »