Coinbase and Ripple Use SEC Ruling to Call for Clear Regulation

With the dismissal of some of the SEC’s claims in the Binance case, the ruling not only brings a new legal perspective to the cryptocurrency industry, but also prompts two giants in the industry - Coinbase and Ripple Labs - to take action and call on the SEC to formulate clearer cryptocurrency regulatory rules.

In a recent court ruling, the SEC failed to successfully prove that BNB’s secondary sales were securities, a result that directly affected the SEC’s regulatory stance on the cryptocurrency market. This ruling not only won a legal victory for Binance, but also provided strong legal support for companies such as Coinbase and Ripple, giving them reason to question the ambiguity and uncertainty of the current regulatory framework.

As one of the leading cryptocurrency exchanges, Coinbase expressed great concern about the ruling. The company emphasized that regulatory uncertainty has had an adverse impact on the development of the industry and hindered innovation and market growth. Coinbase called on the SEC to formulate rules to clarify the legal status of digital assets and provide a clear and predictable regulatory environment for market participants. The company believes that clear regulatory rules will help enhance market confidence and promote the healthy development of the cryptocurrency industry.

Ripple Labs also used the ruling to call for clearer regulation. Ripple pointed out that the ruling shows that handling the crypto industry on a case-by-case basis may not be the most effective approach, because each case has its own unique facts and circumstances, which leads to inconsistencies and uncertainties in legal rulings. Ripple believes that the SEC should develop a comprehensive regulatory framework to cover all aspects of the cryptocurrency market, including issuance, trading, custody, etc. #非农就业数据即将公布 #Mt.Gox将启动偿还计划 #币安合约锦标赛