Crucial Factors at Play: SEC Awaits Ruling on Coinbase Motion and OIG Investigation Amidst XRP’s Programmatic Sales Case
NEW YORK CITY, NY – The Securities and Exchange Commission’s (SEC) plans to appeal the Programmatic Sales of XRP ruling may face challenges from external factors. One of these factors is a pending ruling on the Coinbase Motion to Dismiss, where Coinbase argues that the SEC lacks the authority to regulate US crypto exchanges. Another potential influence is an ongoing investigation by the Office of Inspector General into conflicts of interest within the SEC relating to cryptocurrencies. Coinbase, a leading US crypto exchange, filed a Motion to Dismiss in August, which was heard by Judge … Read more