Ripple Token Is A Security In Institutional Sales, Judge Rules - Bloomberg
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Summary judgement should de-risk regulatory pressure on Coinbase (COIN), claims Needham & Company
July 14, 2023 11:32 AM EDTAfter a more than 24% climb Thursday, Coinbase (NASDAQ: COIN) shares rose again Friday, continuing to rally after a US District Judge, in a summary judgment, dismissed part of the SEC's case against Ripple Labs and ruled that the firm's crypto token, XRP, is not a security.
Following the news, Berenberg analyst Mark Palmer remained skeptical, stating the surge was driven in large part by investors who interpreted... More
Coinbase (COIN) Extends Gain, Up 18%
July 13, 2023 2:48 PM EDT(Updated - July 13, 2023 2:57 PM EDT)
Coinbase (NASDAQ: COIN) Extends Gain, Up 18%
Earlier a U.S. District judge ruled Ripple's XRP sales on public cryptocurrency exchanges were not offers of securities under the law, because purchasers did not have a reasonable expectation of profit tied to Ripple's efforts, according to Reuters. ... More