The recent ruling on Ripple's XRP token is a win for Coinbase as it narrows the exchange operator’s downside risk, according to JPMorgan.
Ripple’s XRP ruling favors Coinbase, according to JPMorgan analysts, because it may be applied to the 13 tokens the SEC alleged are securities in its lawsuit against Coinbase last month.Stay updated on Pro Crypto Ecosystems news by locking ACS tokens with The Block.No wallet? No problem. You can set one up for free. We recommend Torus for first-time users.
"If the Ripple case stands, it would appear more challenging for the SEC to demonstrate the 13 [tokens] are securities and that Coinbase is an unregistered securities exchange thus excusing it from certain future licensing and regulatory requirements," the analysts wrote.
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