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XRP Holder's Lawyer Weighs in on Coinbase's Motion to Dismiss SEC Lawsuit

June 29 (Cointime) - Coinbase has filed a motion to dismiss the lawsuit filed against it by the SEC, which has been met with reactions from industry leaders. John Deaton, a lawyer representing XRP holders, believes that Coinbase's argument "has teeth" and laid down six points to support his view.

Deaton is optimistic that Gary Gensler's prior position on the lack of defined regulation for digital assets can strengthen and weaken both Coinbase and the SEC. Despite the positivity surrounding Coinbase's motion, there is still a chance the case may not go in the way the trading platform expects.

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