TL;DR
- Attorney John E Deaton believes Coinbase has over a 50% chance of winning its District Court case against the SEC, with increasing odds at higher court levels.
- Before suing Coinbase for allegedly trading unregistered securities, the SEC initiated a similar case against Binance.
- Ripple has achieved several partial wins against the SEC’s claim that XRP was an unregistered security. A conclusive trial is set for April next year.
‘Better Than 50%’
John E Deaton – an American attorney representing thousands of XRP investors in the lawsuit against the US Securities and Exchange Commission (SEC) – chipped in about another legal battle the regulator leads: the one with the cryptocurrency exchange Coinbase.
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