Coinbase Is Backing Ripple Against the SEC

[Google News Bot]

Coinbase is backing yet another crypto firm, adding more pressure from the crypto industry on the SEC. It is almost two years since Ripple Labs, the company which develops the Ripple payment protocol, has been fighting the high-profile lawsuit filed by the Securities and Exchange Commission (SEC). The growing army of Ripple backers now looks even stronger after the U.S. largest crypto exchange Coinbase moved to get regulatory approval to help the firm in its battle against the Commission. The case revolves around alleged violations for selling its XRP token as an unregistered security. The la ...

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