SEC Might Settle with Ripple, Lose Coinbase Suit: Says Lawyer
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- The SEC might settle its lawsuit with Ripple, claims crypto lawyer James Murphy.
- The upcoming US elections might change the outcome for many crypto lawsuits.
- Murphy also expects Coinbase to secure victory against the agency.
The United States Securities and Exchange Commission (SEC) might settle its lawsuit against blockchain firm Ripple and lose against American exchange Coinbase, says James “MetaLawMan” Murphy, a lawyer with expertise in digital assets and Web3.
Speaking at the ‘Thinking Crypto’ podcast on February 10, Murphy pointed out that the SEC’s lawsuit against Ripple might end up with a settlement due to 2024 being an election year and new management taking over the agency.
Settlement with Ripple
Murphy said that there is a difference between buying XRP and shares of a company like Amazon, with the latter being categorized as a security. He stated that US District Judge Analisa Torres made the correct decision in the case by granting Ripple a partial win while considering the blockchain firm’s sale of XRP tokens to institutions as security.
Murphy said that as the lawsuit carries on, both the SEC and Ripple are going to a…
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