📢Good news! Coinbase and Ripple Labs are using the latest court ruling to challenge the US SEC's regulatory stance on cryptocurrencies. 🎉

What's going on? 🤔 It turns out that the court previously ruled that the SEC failed to prove that BNB's secondary sales were securities in the Binance case, which gave Coinbase and Ripple legal support. 👍

In the past few days, Coinbase and Ripple have pointed out in their respective case documents that there is a lack of clarity in how cryptocurrencies are regulated. Coinbase emphasized that the SEC needs to conduct rulemaking to clarify the legal status of digital assets, while 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. 📝

This ruling has exacerbated the legal uncertainty in the industry, prompting all parties to accelerate the search for confirmation and guidance from the court and the appeal process. 😱

The SEC's legal disputes with Ripple, Coinbase and Binance are still ongoing, and future scheduled meetings are expected to have an important impact on the progress of these cases. 🔮

Let's look forward to more good news together! 🎉