Coinbase backs Ripple against SEC. The battle update – Katoch Tubes

Coinbase joins Ripple in the SEC battlE

About Coinbase

Founded in 2012, Coinbase is America's largest crypto exchange and the top competitor to FTX & Binance.

About Ripple Labs

Founded in 2012, Ripple Labs  is a blockchain based payment protocol that uses XRP coins  as its digital currency.

The SEC Lawsuit

The lawsuit filed by SEC in 2020 claims that the company has sold XRP tokens as unregistered security & raised $1.3 billion since 2013

Coinbase Joins Team XRP

In a recent development, Coinbase applied for regulatory approval to help the firm in its battle against SEC

Coinbase Argument

Coinbase stated that most digital assets listed on the exchange do not pay returns to investors like shares in public companies.

SEC losing Steam

With more & more support emerging for Ripple. SEC will likely lose this case in the final hearing in 2023.

More about Ripple

Swipe Up to read more about Ripple labs & use of XRP coin

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