Coinbase Officially Supports Ripple Against the SEC

US-based cryptocurrency exchange Coinbase has officially submitted its brief to assist Ripple Labs in its lawsuit with the US Securities and Exchange Commission (SEC).

Coinbase, reportedly the largest cryptocurrency exchange in the United States by trading volume, has submitted its brief to support Ripple.

Coinbase says that government agencies cannot condemn violations of the law without giving fair notice, but “by suing XRP token sellers after making claims that such transactions are legitimate.” , the SEC has lost sight of this fundamental principle.”

In December 2020, the SEC filed a lawsuit against Ripple and its executives, alleging the XRP sale was an unregistered securities offering worth more than $1.38 billion.

A summary is usually filed by an individual or entity that is not a party to the case but is intended to influence the court’s decision.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Chubbi

CoinCu News