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Ripple Lawsuit Outcome to Impact SEC's Legal Cases Against Binance and Coinbase, Says MetaLawMan

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Crypto-friendly legal analyst MetaLawMan has stated that the outcome of the SEC vs. Ripple lawsuit will have a significant impact on the commission's cases against Binance and Coinbase. If Judge Torres rules that XRP tokens trading on secondary markets are not securities, it would undermine the basis of the SEC's case against Coinbase and much of the Binance case.

MetaLawMan believes that Judge Rearden, who is in charge of the Coinbase lawsuit, will follow the legal reasoning of Judge Torres in determining whether the secondary market sales of 13 cryptos are securities. The Binance case is considered more complicated than Coinbase because Binance issued BNB coin, one of the assets the SEC alleges to be a security in the lawsuit.

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