John E. Deaton, the founder of CryptoLaw and the attorney representing thousands of XRP holders in the longstanding Ripple-SEC legal tussle, believes the SEC would take similar enforcement actions against other United States-based exchanges. According to him, the potential SEC v. Coinbase lawsuit would raise the crypto Fair Notice Defense to a higher level.
He further implied that Coinbase would have a better chance at winning the potential SEC lawsuit if Ripple’s fair notice defense in the ongoing lawsuit stands.
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