Coinbase

Major Legal Precedent Sets Stage for SEC’s Lawsuits Against Coinbase and Ripple

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New York, NY – A recent legal precedent from the Second Circuit could have significant implications for the ongoing legal battles between the Securities and Exchange Commission (SEC) and cryptocurrency platforms Coinbase and Ripple. Attorney John Deaton shed light on this important case, which has caught the attention of Coinbase’s Chief Legal Officer (CLO) Paul Grewal and pro-XRP lawyer Deaton himself. The case in question is Revak v. SEC Realty, a decision made by the Second Circuit in 1994. Grewal expressed his admiration for this precedent in a recent tweet, emphasizing a key aspect of … Read more

Ripple CLO Exposes SEC Misconduct in Ongoing Coinbase Legal Battle

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San Francisco – Ripple’s Chief Legal Officer, Stuart Alderoty, has taken to social media to reveal alleged misconduct by the US Securities and Exchange Commission (SEC) following a recent hearing involving popular cryptocurrency exchange Coinbase. In a post on Twitter, Alderoty challenges the SEC’s narrative and argues that their focus on whether investors are pooling their capital with the promoter’s efforts is fundamentally flawed. He cites the influential Revak case and asserts that the Howey test, which determines whether an investment is classified as a security, requires an investment in a common enterprise, not just … Read more