In a recent research note, JPMorgan analysts said that the U.S. court ruling in favor of Ripple in its lawsuit with the SEC is a “win for Coinbase” as it narrows the exchange operator’s downside risk.
The ruling, which was handed down on July 14, found that Ripple’s XRP token is not a security if sold via an exchange or through programmatic sales. This is a significant victory for Ripple, as it could pave the way for the company to relist XRP on major exchanges, including Coinbase.
JPMorgan analysts said that the ruling is a “positive development” for Coinbase, as it “reduces the likelihood of a regulatory crackdown on the exchange.” The analysts also noted that the ruling could “lead to increased demand for XRP” on Coinbase, as investors look to gain exposure to the token.
The ruling is a major victory for Ripple, and it is a positive development for the broader cryptocurrency industry. It provides much-needed clarity on the regulatory status of XRP, and it could help to pave the way for the wider adoption of cryptocurrencies.
What does this mean for XRP holders?
The ruling is a positive development for XRP holders, as it reduces the risk of the token being classified as a security. This could lead to increased demand for XRP, and it could also make it easier for XRP holders to trade their tokens on major exchanges.
What does this mean for Coinbase?
The ruling is a positive development for Coinbase, as it reduces the risk of the exchange being fined by the SEC for listing XRP. It also opens the door for Coinbase to relist XRP, which could in turn lead to increased trading volume on the exchange.
Also read : XRP Price Soars 16% After Judge Rules in Favor of Ripple in SEC Case
What are the next steps?
The SEC is still considering whether to appeal the ruling. If the SEC does not appeal, the ruling will become final. If the SEC does appeal, the case will go to a higher court.
The ruling is a significant victory for Ripple and the cryptocurrency industry. It provides much-needed clarity on the regulatory status of XRP, and it could help to pave the way for the wider adoption of cryptocurrencies.
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