.Coinbase and Binance users may be represented by XRP holders' lawyer JohnEDeaton1
that will also see him represent the users of these two exchanges by filing an amicus brief on their behalf.Taking with his favorite communication channel, Twitter, Deaton shared insights into his role in the ongoing Ripple v. SEC lawsuit and what similarities the case shares with the charges brought against the duo of Binance and Coinbase. He noted that while he did not support Ripple Labs as a company, he will also not be supporting or working against Binance and Coinbase.
He pointed out that the fact that the SEC cleared Coinbase for its IPO more than two years ago and is backtracking on its support now is evidence that the market regulator is not acting in favor of the users of this platform. Coinbase applied for Acceleration regarding its IPO. BEFORE the SEC APPROVED the Acceleration it had to make a specific determination that the listing was:2 years later the SEC claims its in the public’s interest to PERMANENTLY shut down Coinbase.
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