Ripple Invokes Recent Court Victory for Binance in Ongoing SEC Case

• Ripple leverages Binance ruling in ongoing SEC lawsuit.
• Court decisions affirm secondary crypto sales are not securities.
• Ripple criticizes the SEC’s regulatory approach as harmful to the industry.

Ripple Labs has filed a supplemental brief in its ongoing legal battle with the U.S. Securities and Exchange Commission, citing a recent court ruling in the SEC’s case against Binance.

This move highlights a key victory for the crypto industry, as the Binance ruling affirmed that secondary market sales of cryptocurrencies do not constitute securities, potentially strengthening Ripple’s defense in its own case.

XRP advocate James K. Filan alerted the XRP community to this development via an official X post.

#XRPCommunity #SECGov v. #Ripple #XRP @Ripple has filed a Notice of Supplemental Authority regarding the recent Binance decision.https://t.co/tSEQXTxrWU

— James K. Filan (@FilanLaw) July 2, 2024

It was just the earlier week, the crypto community celebrated a landmark victory following Judge Amy Berman Jackson’s ruling on Binance’s BNB token. Citing Judge Analisa Torres’ XRP ruling that classified secondary sales of XRP as non-securities, Judge Jackson …

The post Ripple Invokes Recent Court Victory for Binance in Ongoing SEC Case appeared first on Coin Edition.