The recent court ruling in the high-profile United States Securities and Exchange Commission (SEC) vs. Ripple case has ignited a fresh wave of optimism among key players in the crypto industry, particularly Coinbase.

The landmark decision, hailing XRP token purchases via crypto exchanges as non-securities transactions, has potentially fortified Coinbase’s defense in its ongoing lawsuit with the SEC.

Coinbase Feels Confident in Case Against SEC

Paul Grewal, Chief Legal Officer at Coinbase, vocalized the company’s newly invigorated confidence following the Ripple ruling.

According to Grewal, the court’s determination significantly undermines the idea of securities being traded on crypto exchanges. Therefore, offering reassurance to both Coinbase and its regular investors.

“I think we will win. Now, I thought we would win before this decision. We think this decision has only further strengthened the case,” Grewal stated.

The Coinbase executive suggested that the judgment’s logic would still hold, even if the XRP token were substituted with any other cryptocurrency.

Yet, the rul

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Author: Bary Rahma

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