Ripple, Coinbase Together Against US SEC? Ripple Legal Chief Drops Hint
XRP News: The U.S. Securities and Exchange Commission (SEC) flagged of warning of launching enforcement against the nation’s largest crypto exchange, Coinbase. The digital asset leaders are showing their support in the favor of Coinbase as the exchange hints at going to a battle against the US SEC.
Ripple, Coinbase Together Against US SEC?
Stuart Alderoty, Chief Legal Officer, the person who is leading Ripple Labs and Defendants in the long running legal tussle against the US SEC, hinted at showing support to Coinbase.
As the commission sent Wells Notice to the crypto exchange, Ripple Lawyer wrote that “Enemy of my enemy is my friend’. However, he didn’t stop here and went on to share Paul Grewal, Chief Legal Officer of Coinbase’s take over the US SEC issued warning. Read More XRP News Here…
Coinbase’s Chief Legal Officer in a long thread mentioned that they received a Wells Notice from the commission after years of seeking reasonable rules around crypto assets. The exchange is simply disappointed that the US SEC is considering courts and not looking to form a constructive dialogue. However, he assured that Coinbase will defend the rule of law.
Also Read: Coinbase (COIN) Price Tumbles After SEC Flags Potential Legal Probe
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