Index Investing News
Sunday, May 25, 2025
No Result
View All Result
  • Login
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
No Result
View All Result
Index Investing News
No Result
View All Result

Top Ripple Lawyer Challenges SEC’s ‘Shock and Awe’ Strategy By U.Today

by Index Investing News
June 9, 2023
in Cryptocurrency
Reading Time: 2 mins read
A A
0
Home Cryptocurrency
Share on FacebookShare on Twitter


Top Ripple Lawyer Challenges SEC’s ‘Shock and Awe’ Strategy

U.Today – In a week filled with substantial legal moves by the Securities and Exchange Commission (SEC) against major players in the cryptocurrency arena, ‘s General Counsel, Stuart Alderoty, remains .

In a recent tweet, Alderoty questioned the SEC’s strategy, which he described as one of ‘shock and awe’, maintaining his faith in the rule of law. This comes amid lawsuits filed by the SEC against renowned cryptocurrency exchanges Coinbase (NASDAQ:) and Binance, accusing them of operating as unregistered national securities exchanges, among other allegations.

The SEC’s allegations are wide-ranging, implicating several popular cryptocurrencies, including , (SOL), and Polygon (MATIC), as unregistered securities.

This extensive list also includes Binance’s BNB, the BUSD stablecoin, and a variety of other crypto assets such as FIL, ATOM, SAND, MANA, ALGO, AXS, and COTI. The fallout has been swift, with the likes of Robinhood (NASDAQ:) delisting , MATIC, and SOL due to the legal action.

In light of these developments, the Ripple case’s outcome becomes even more critical. As articulated by James “MetaLawMan” Murphy on Twitter, if Judge Torres in the SEC vs Ripple case rules that XRP tokens traded on secondary markets are not securities, it could potentially undermine the entire basis for the SEC’s cases against Coinbase and Binance. Of course, the reverse is also true; a ruling in favor of the SEC would bolster their case considerably.

However, several caveats exist. As MetaLawMan noted, even if Judge Torres rules in Ripple’s favor, his decision will not serve as binding precedent for other cases. Still, other judges, including Judge Rearden, assigned to the Coinbase case and who has only been a judge for six months, might lean towards Judge Torres’ reasoning.

Moreover, differences exist within the SEC’s complaints against Coinbase and Binance, adding further complexity to the issue. Notwithstanding, whatever the initial rulings are, it’s safe to anticipate years of appeals, making this a significant development to watch in the world of cryptocurrency regulation.

This article was originally published on U.Today



Source link

Tags: AwechallengesLawyerRippleSECsshockStrategyTopUToday
ShareTweetShareShare
Previous Post

Leeds United: 49ers Enterprises agree deal to purchase chairman Andrea Radrizzani’s remaining 56 per cent stake | Football News

Next Post

Live news: Putin says Ukraine’s counteroffensive is under way

Related Posts

Bitcoin Nears Finish Of Submit-Halving Consolidation Section – Cycle Peak In Sight?

Bitcoin Nears Finish Of Submit-Halving Consolidation Section – Cycle Peak In Sight?

by Index Investing News
May 25, 2025
0

Trusted Editorial content material, reviewed by main business consultants and seasoned editors. Advert Disclosure It’s been simply over a yr...

Former IMF chief economist believes crypto is a rising menace to the U.S. Greenback’s dominance

Former IMF chief economist believes crypto is a rising menace to the U.S. Greenback’s dominance

by Index Investing News
May 25, 2025
0

American economist Kenneth Rogoff believes that the rise of crypto poses a menace to the hegemony of the U.S. greenback.Rogoff...

Ripple Executives Be a part of Satoshi Nakamoto

Ripple Executives Be a part of Satoshi Nakamoto

by Index Investing News
May 25, 2025
0

Professional-XRP lawyer John Deaton has tapped two Ripple executives to hitch an unique listing of crypto all-time greats. The XRP...

Market Skilled Tasks ‘Undervalued’ Litecoin To Soar At Least 1,000% —  Right here’s How

Market Skilled Tasks ‘Undervalued’ Litecoin To Soar At Least 1,000% —  Right here’s How

by Index Investing News
May 24, 2025
0

Opeyemi is a proficient author and fanatic within the thrilling and distinctive cryptocurrency realm. Whereas the digital asset business was...

Chinese language Automotive Agency Reveals Twin-Observe Plan to Purchase 1,000 Bitcoins Over Subsequent Yr

Chinese language Automotive Agency Reveals Twin-Observe Plan to Purchase 1,000 Bitcoins Over Subsequent Yr

by Index Investing News
May 24, 2025
0

Jiuzi Holdings, Inc. plans to amass 1,000 bitcoins over the approaching 12 months by means of a mix of recent...

Next Post
Live news: Putin says Ukraine’s counteroffensive is under way

Live news: Putin says Ukraine’s counteroffensive is under way

Mindy Lubber: A Sustainability Story

Mindy Lubber: A Sustainability Story

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED

Brazil’s president dodges transition ceremony with successor – media — RT World News

Brazil’s president dodges transition ceremony with successor – media — RT World News

December 31, 2022
Get Ready for the Next Buy Signal…

Get Ready for the Next Buy Signal…

October 6, 2023
China Stocks’ Lost Decade Means An Uphill Battle To Regain Trust

China Stocks’ Lost Decade Means An Uphill Battle To Regain Trust

January 28, 2024
US getting ready extra 0m in navy help for Ukraine: Report | Russia-Ukraine warfare Information

US getting ready extra $800m in navy help for Ukraine: Report | Russia-Ukraine warfare Information

August 19, 2022
Graham Potter hails ‘top performance’ from Marc Cucurella as Chelsea qualify

Graham Potter hails ‘top performance’ from Marc Cucurella as Chelsea qualify

March 8, 2023
VUG: Massive Cap Development Can Hit New Highs In 2025 With Extra Upside Forward (NYSEARCA:VUG)

VUG: Massive Cap Development Can Hit New Highs In 2025 With Extra Upside Forward (NYSEARCA:VUG)

May 20, 2025
End the whataboutery around Manipur crisis

End the whataboutery around Manipur crisis

July 27, 2023
Inflation may be slower but keep an eye on food prices

Inflation may be slower but keep an eye on food prices

November 17, 2022
Index Investing News

Get the latest news and follow the coverage of Investing, World News, Stocks, Market Analysis, Business & Financial News, and more from the top trusted sources.

  • 1717575246.7
  • Browse the latest news about investing and more
  • Contact us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Terms and Conditions
  • xtw18387b488

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In