CryptoMediaClub
Friday, August 1, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home Bitcoin

Lawyer outlines Ripple-SEC settlement path amid Coinbase case impact

03.09.2023
A A
0
130
VIEWS
ShareShare

Amid speculation regarding a potential resolution between Ripple and the United States Securities and Exchange Commission (SEC), pro-XRP lawyer John Deaton, representing numerous XRP (XRP) tokenholders, has outlined the possible steps the two parties might take if they opt for a settlement.

Deaton highlighted the significance of the ongoing Coinbase vs. SEC lawsuit. He explained that if the judge in the Coinbase case grants the exchange’s motion to dismiss, it would indicate that token sales on the exchange are not subject to U.S. securities laws. However, it wouldn’t apply to crypto staking.

He explained:

“The only way Ripple and the SEC (could) settle before the end of the year is if Judge Failla grants the Coinbase motion to dismiss or partially grants it – finding token sales on an exchange in a blind bid/ask transaction do not fall under U.S. securities laws”

Should the motion to dismiss be approved, the SEC’s ability to pursue an appeal would be considerably constrained, making a settlement a logical option. Deaton clarified that even if an appeal were possible in such a situation, the agency’s authority would be diminished.

The only way @Ripple and the @SECGov settle before the end of the year is if Judge Failla grants the @coinbase MTD (or partially grants it – finding token sales on an exchange in a blind bid/ask transaction do not fall under U.S. securities laws but allows the staking component… https://t.co/0KzGT1l0OI

— John E Deaton (@JohnEDeaton1) September 2, 2023

In a Sept. 1 filing, Ripple indicated that the summary judgment did not address the legal basis for the interlocutory appeal. Its opposition was rooted in the argument that the agency had strayed from the established legal perspective, specifically regarding the application of the Howey test to XRP token sales.

The SEC initiated a lawsuit against Ripple, its CEO Brad Garlinghouse and its co-founder Chris Larsen in December 2020, causing several exchanges to remove XRP to avoid potential legal complications. However, after a positive ruling by Judge Analisa Torres in July, many exchanges indicated their intention to relist the token.

Related: Ripple legal team opposes SEC appeal over XRP decision

In 2023, the SEC has pursued various cryptocurrency firms on allegations of securities violations, including Binance and Coinbase. On Aug. 29, asset manager Grayscale secured a legal victory against the SEC through an appeal that mandated a review of its application for a spot Bitcoin exchange-traded fund.

Magazine: Get your money back: The weird world of crypto litigation

Share10Tweet6ShareSharePin2

Related Posts

Coinbase’s Astounding $100 Billion Milestone Amidst Bitcoin’s Record Surge
Bitcoin

Coinbase’s Astounding $100 Billion Milestone Amidst Bitcoin’s Record Surge

15.07.2025
0

BitcoinWorldCoinbase’s Astounding $100 Billion Milestone Amidst Bitcoin’s Record Surge The cryptocurrency world is buzzing with excitement, and for good reason!...

Read moreDetails
Bitcoin’s Unseen Ascent: Why Market Euphoria Is Still Ahead, According to Alphractal CEO

Bitcoin’s Unseen Ascent: Why Market Euphoria Is Still Ahead, According to Alphractal CEO

14.07.2025
Bitcoin Holdings Soar: The Blockchain Group’s Momentous Digital Asset Accumulation

Bitcoin Holdings Soar: The Blockchain Group’s Momentous Digital Asset Accumulation

14.07.2025
Bitcoin’s Astonishing Anomaly: Why Public Search Interest Remains Low Despite Record Highs

Bitcoin’s Astonishing Anomaly: Why Public Search Interest Remains Low Despite Record Highs

14.07.2025
Bitcoin Treasury Strategy: Unleashing Growth with The Blockchain Group’s $3.52M Boost

Bitcoin Treasury Strategy: Unleashing Growth with The Blockchain Group’s $3.52M Boost

08.07.2025
Load More
Next Post
What X’s (Twitter) Daring Expansion Could Mean For Dogecoin

What X’s (Twitter) Daring Expansion Could Mean For Dogecoin

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

SEC delays BTC ETF decision, Grayscale triumphs SEC, and BitBoy gets the boot: Hodler’s Digest, Aug 27 – Sept 2

SEC delays BTC ETF decision, Grayscale triumphs SEC, and BitBoy gets the boot: Hodler’s Digest, Aug 27 – Sept 2

2 years ago
UAE dirham stablecoin DRAM launches on Uniswap, PancakeSwap

UAE dirham stablecoin DRAM launches on Uniswap, PancakeSwap

2 years ago
Official Trump Fires Up 19.7% in Previous 24 Hours as Worldwide Relations Warmth: Can This Maintain?

Official Trump Fires Up 19.7% in Previous 24 Hours as Worldwide Relations Warmth: Can This Maintain?

5 months ago
Shiba Inu in Hassle as Technical Alerts Flash Bearish – The place Subsequent for SHIB Worth?

Shiba Inu in Hassle as Technical Alerts Flash Bearish – The place Subsequent for SHIB Worth?

5 months ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

Illegal Miners in Russian Bitcoin Mining Hotspot Stole $4.3M of Electricity in H1 2025

ChatGPT’s 32-Indicator XRP Analysis Flags Breakout as BlackRock Director Joins Ripple Swell 2025

Altcoin Season Flickers as Cardano, Dogwifhat, Fartcoin Command $1.7B Daily Volume

JPMorgan Integrates Crypto Into Traditional Banking Services

Crypto Governance Crunch: Nearly 1 in 4 North American CFOs Plot 2027 Treasury Shift

Bitcoin difficulty predicted to fall 5% as hashrate dips

Trending

Ex-OpenSea Employee Cleared in First NFT Insider Trading Appeal — Here’s What Changed
All news

Ex-OpenSea Employee Cleared in First NFT Insider Trading Appeal — Here’s What Changed

01.08.2025
0

A former OpenSea product manager has successfully overturned his conviction in what was once hailed as the...

Coinbase to Increase BTC Holdings, Offer Tokenized Stocks and Prediction Markets in U.S.

Coinbase to Increase BTC Holdings, Offer Tokenized Stocks and Prediction Markets in U.S.

01.08.2025
Trump Backs $23B Bitcoin Plan as BTC Dips Below $116K: Is $110K Next?

Trump Backs $23B Bitcoin Plan as BTC Dips Below $116K: Is $110K Next?

01.08.2025
Illegal Miners in Russian Bitcoin Mining Hotspot Stole $4.3M of Electricity in H1 2025

Illegal Miners in Russian Bitcoin Mining Hotspot Stole $4.3M of Electricity in H1 2025

01.08.2025
ChatGPT’s 32-Indicator XRP Analysis Flags Breakout as BlackRock Director Joins Ripple Swell 2025

ChatGPT’s 32-Indicator XRP Analysis Flags Breakout as BlackRock Director Joins Ripple Swell 2025

01.08.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz