Today, the court made a critical decision in the SEC and Coinbase case. Although the court found Coinbase partially right, it rejected the request to dismiss the case. Thus, the SEC and Coinbase decided to continue the case. Various reactions continue to come to this decision. Vocal Bitcoin maximalist Max Keizer had an interesting reaction. Keizer finds the SEC right regarding all non-Bitcoin cryptocurrencies and stands by it.
Keizer backs SEC against Coinbase and altcoin projects
cryptokoin.comAs you follow from , there was an important development today in the SEC and Conbase case. The court rejected Coinbase’s request to dismiss the case. Although the judge agreed with Conbase on some issues, this decision also brings problems for the exchange. Different reactions continue to come to this decision. Although the crypto world generally finds the SEC unfair, there are also contrary voices. One of them is Bitcoin evangelist and financial journalist Max Keizer.
Max Keiser commented on the latest news regarding the court’s rejection of Coinbase’s request to dismiss the SEC case. Meanwhile, the stock market also made a partial gain. This means that the court agreed to remove Coinbase Wallet from the list of subjects of the SEC’s case. Keizer told his army of followers that all cryptocurrencies other than Bitcoin are “unregistered securities.” Bitcoin maxi also included leading altcoin projects XRP and ETH. In this context, Keizer shared a series of posts stating, “The SEC is right.” “The SEC is right,” Keizer said. “Anything that is not Bitcoin is an unregistered security, including ETH and XRP.” said.
SEC’s guillotine is on cryptocurrencies!
Coinbase faced SEC indictment over the summer of last year for allegedly allowing users to trade unregistered securities. According to the SEC, almost all altcoin projects are securities. The SEC has only declared Bitcoin as a commodity. But recently, debate has begun to arise again within the SEC about whether the leading altcoin Ethereum is truly a commodity. All Bitcoin maximalists, including Max Keiser and Samson Mow, claim that ETH is a security.
XRP is the subject of one of the SEC’s important lawsuits. The lawsuit filed by the SEC against Ripple regarding this coin has been ongoing since December 2020. Last year, a federal judge ruled that sales of XRP in secondary markets were not sales of securities. Thus, Ripple achieved a major victory in mid-summer. The SEC also dropped charges against Ripple co-founder Chris Larsen and the company’s CEO Brad Garlinghouse. In the latest development, the SEC is demanding that Ripple pay them $2 billion in compensation to cover all fines and damages caused.
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