Ripple Labs notches landmark win in SEC case over XRP cryptocurrency
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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
