The article discusses the legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) over the cryptocurrency XRP. The SEC has filed an interlocutory appeal in the XRP lawsuit, which has raised questions in the crypto community. Binance, a cryptocurrency exchange, has filed a motion to dismiss the SEC’s appeal, using the Ripple ruling as a legal precedent. The article mentions the potential impact of the Ripple ruling on ongoing litigations involving crypto exchanges like Coinbase and Binance. The SEC pursued the appeal due to the broad-reaching implications of the Ripple ruling.
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