The chief legal officer of Ripple Labs, Stu Alderoty, believes that the U.S. Securities and Exchange Commission (SEC) will lose its cases against Binance and Coinbase if it claims that crypto tokens are securities. Alderoty also stated that the appeal by the SEC against Judge Analisa Torres’ ruling on XRP will only affirm the decision and may even amplify it. The ruling on XRP could significantly impact the SEC’s cases against Binance and Coinbase as it clarified that the trading of crypto assets is not considered securities. Alderoty emphasized the need for a clear regulatory framework for the crypto sector in the U.S. and criticized the SEC’s enforcement approach. The article also encourages readers to sign up for a market update and coin analysis report.
AI Sentiment: Positive