{"id":24226,"date":"2024-07-03T21:00:57","date_gmt":"2024-07-03T18:00:57","guid":{"rendered":"https:\/\/coinengineer.io\/?p=24226"},"modified":"2024-07-03T13:21:11","modified_gmt":"2024-07-03T10:21:11","slug":"coinbase-and-ripple-cite-binance-ruling-in-sec-cases","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/coinbase-and-ripple-cite-binance-ruling-in-sec-cases\/","title":{"rendered":"Coinbase and Ripple Cite Binance Ruling in SEC Cases"},"content":{"rendered":"

Using their lawsuits with the U.S. Securities and Exchange Commission, Coinbase and Ripple<\/strong> Labs<\/strong> hope to highlight a recent ruling that awarded Binance a victory on the handling of secondary sales of cryptocurrencies.<\/p>\n

Coinbase and Ripple<\/strong> have highlighted over the past few days a lack of transparency on how crypto is controlled in files turned in in their respective cases.<\/p>\n

“Binance further supports requiring the SEC to engage in rulemaking regarding digital assets,”<\/em> Coinbase<\/strong> stated in a Tuesday court document. “As Coinbase<\/strong> has explained, rulemaking is required here because the SEC has adopted a novel and sweeping, yet still indeterminate, view of the securities laws\u2014one that it has never coherently explained but is attempting to impose retroactively on the digital-asset industry using a scorched-earth enforcement campaign.”<\/em><\/p>\n

This comes as Judge Amy Berman Jackson of the U.S. District Court for the District of Columbia mainly rejected Binance’s attempt to dismiss its dispute with the SEC last week but did dismiss some of the SEC’s concerns, including that secondary transactions of BNB constituted securities.<\/p>\n

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