.Belisarius2020 Pro-Ripple lawyer points to monumental day for crypto given these three events RippleXRP XRPArmy XRPCommunity XRPHolders $XRP
Interestingly, the date for the hearing, June 13, coincides with the day the Hinman documents are to be released and the day the House Financial Service Committee will discuss the future of digital assets. Morgan refers to this date as monumental for crypto.
The XRP enthusiast highlights the possibility of another crucial event coming up on the aforementioned date, but memory fails him. This week, the SEC filed 13 charges against the Binance crypto exchange and its CEO, alleging the company failed to register as an exchange and broker-dealer.The recent SEC actions have sparked reactions in the crypto market. Ripple General Counsel Stuart Alderoty criticizes the SEC, saying the allegations in the lawsuits are"unproven."
"The allegations in these suits are just that – unproved. The SEC – despite what Chair Gensler pretends – does not have a magic regulatory wand that it can just wave and say tokens are securities. Looking forward to how the Courts and Congress will take this."James K. Filan recently shared the update that the SEC v. Coinbase case has been assigned to Judge Jennifer H. Rearden in the Southern District of New York.
Coinbase's chief legal officer, Paul Grewal, also provided the update that the Third Circuit has issued a short order in Coinbase's mandamus action. The court noted the SEC's suit against the exchange and asked the regulator whether this implied it had decided to deny the pending petition for rulemaking. The SEC has seven days to respond.
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