XRP News: The crypto industry has been asking the financial regulators for a clear set of rules which regulate digital assets. After several attempts to gain regulatory clarity, Coinbase finally filed a lawsuit against the U.S. Securities and Exchange Commission (SEC). However, XRP holders’ lawyer in the Ripple lawsuit showed his support for Coinbase by referring to his filings.
Also Read: Ripple Moving Out Of U.S. After Coinbase CEO Drops Hint?
Attorney John Deaton, Amicus Curiae in the U.S. SEC Vs Ripple lawsuit highlighted the Coinbase fillings against the regulator. He stated this is the 2nd Writ of Mandamus filed which involves crypto. The attorney liked the Coinbase petition as his first writ of Mandamus was also against the SEC.
(A writ is a legal order issued to do something. While a writ of Mandamus is a judicial order from a court to an inferior government official or authority.)
XRP lawyer mentioned that he sued the commission asking a court to order the SEC to perform its job. While he asked the judge to amend Ripple’s complaint to just include direct sales done by them. Read More XRP News Here…
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Source: https://coingape.com/xrp-news-xrp-lawyer-bids-in-for-coinbase-referring-ripple-case-filing/