Chain News by Thebittimes.Com

Motion For Entry in Coinbase Vs US SEC According to a court filing on August 31, lawyer Patrick V. Kennedy at McDermott Will & Emery filed a motion to appear pro hac vice as counsel for amicus The Chamber of Digital Commerce. Along with the Blockchain Association, the Chamber of Digital Commerce has been a primary amicus in the Coinbase vs SEC lawsuit. advertisement The Chamber of Digital Commerce wants to end the SEC’s attempt to regulate the digital asset industry by enforcement actions. As opposed to providing clear guidance and rules, the SEC’s actions are against both chambers of the U.S. Congress, which are working on crypto regulations. In fact, the Congress never granted authority to the SEC to regulate digital assets. Meanwhile, Coinbase executives Brian Armstrong and Paul Grewal are confident about the dismissal of the lawsuit. Grewal asserts that the SEC and Chair Gary Gensler are trying to kill the crypto innovation in the U.S. Legisl...

XRP Holder’s Lawyer Position While many industry observers have voiced their respective opinions, XRP holder’s lawyer, John Deaton has revealed that he is placing the odds of Coinbase winning the case based on the trading platform’s Motion to Dismiss (MTD) the claims it supported the trading of unregistered securities at 25%. advertisement Deaton, who has chosen to represent the users of the exchange as well as those of its rival, Binance in court told his more than 290.6k followers on the X app that they cannot let Coinbase speak for them. Refusing not to form a coalition to let their voices be heard as far as the case is concerned on the basis that the exchange might be looking prime for a victory is risky. If you’re a @ Coinbase customer and object to the SEC’s lawsuit and bad behavior, you have an opportunity to be heard. We don’t let the SEC or Coinbase speak for us. We made a difference in the Ripple case, we can mak...