The decision in the SEC vs. Coinbase case could have implications for the pending court ruling on the Coinbase Motion for Interlocutory Appeal. Coinbase filed the Motion in April 2024 to challenge the court’s ruling on the Coinbase Motion to Dismiss (MTD). Judge Failla did not dismiss the charges against Coinbase for operating as an unregistered securities exchange. Pro-crypto lawyer MetaLawMan pointed out the significance of the SEC ending its investigation into Consensys. If Judge Failla considers the SEC’s stance with Consensys, she may grant the Coinbase Motion for Interlocutory Appeal. A win for Coinbase against the SEC would weaken the SEC’s chances of overturning the Programmatic Sales of XRP ruling. The SEC’s plan to appeal the ruling on XRP remains a challenge. Ripple’s Chief Legal Officer, Stuart Alderoty, expressed his thoughts on the matter. The XRP price action is also something to watch in light of these developments.
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