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Coinbase Ruling More Crucial Than Ripple Case After Judge Torres’ summary judgment ruling in the Ripple vs SEC lawsuit and crypto regulatory drafts by US lawmakers, Coinbase filed a motion to dismiss the SEC lawsuit. It argues that the SEC has no jurisdiction or oversight approval from the US Congress. advertisement Pro-XRP lawyer John E. Deaton on September 4 said Judge Failla will likely accept the Torres Doctrine and grant Coinbase’s motion to dismiss on token sales. However, she could allow SEC’s complaint on the staking part to move forward. A settlement between Ripple and the SEC is most likely if Judge Failla accepts the Torres Doctrine. He also argues that many lawyers are underestimating the chances of Coinbase’s win against the U.S. SEC, but it will be more crucial for the crypto industry. A partial victory will prove that token sales on Coinbase are not securities, improve clarity on crypto rules and guidance, and increase the od...

Robinhood is steadily climbing the ranks in the crypto game as it owns the world’s third-largest Bitcoin wallet. It is evident that Robinhood is on the path of growth, and there is no going back. The acquisition of these shares comes after Robinhood announced in February 2023 that they will pursue acquiring the shares in the possession of the U.S. government. advertisement Also Read: Bitcoin Whales Back in Action, Did Robinhood Buy $3B Worth of BTC? What Are The Shares That Robinhood Will Buy From USMS? The U.S. government acquired 55 million Robinhood stock, classified as Class A common stock, after Sam Bankman Fried filed for the infamous crypto exchange FTX’s bankruptcy. Initially, the shares were registered under Emergent Fidelity Technologies, owned by Sam Bankman Fried and FTX co-founder Gary Wang.  According to the official  filing  with the Securities and Exchange Commission (SEC), “The sale of the Shares was...