{"id":155331,"date":"2023-09-13T23:13:45","date_gmt":"2023-09-13T17:43:45","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=155331"},"modified":"2023-09-13T23:13:45","modified_gmt":"2023-09-13T17:43:45","slug":"crypto-is-more-of-a-legal-battle-in-u-s-until-2025-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/crypto-is-more-of-a-legal-battle-in-u-s-until-2025-crypto-news\/","title":{"rendered":"Crypto Is More Of A Legal Battle In U.S. Until 2025 – Crypto News"},"content":{"rendered":"

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Attorney John Deaton, the lawyer representing XRP token holders in the U.S. Securities and Exchange Commission (SEC) lawsuit against Ripple, suggested that crypto as a policy issue should be fought in Courts until there is political consensus in the United States. The lawyer said the same in context of the Senate and House leaders introducing many important crypto bills.<\/p>\n

Also Read: Telegram Unveils Crypto Wallet; TON Price Jumps; Here\u2019s Why<\/strong><\/a><\/p>\n

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Crypto Lawsuits To Rule The Roost?<\/h2>\n

In the context of the US approaching the election year, attorney Deaton said<\/a> that fight in Courts is the best shot the crypto market participants can have a go at.<\/p>\n

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\u201cWe fight in Court and we vote for the return of American innovation, regardless of political party.\u201d<\/p>\n<\/blockquote>\n

In the last few months, the crypto market saw major developments in Courts, with some of them potentially having an ever lasting impact on the industry. Payments company Ripple snatched up a victory in the XRP Vs SEC lawsuit<\/a> as the judge deemed retail sales of tokens as not securities. Also, Grayscale bagged a win in its SEC lawsuit as the Court granted the company\u2019s motion to convert its Grayscale Bitcoin Trust into a spot Bitcoin ETF.<\/p>\n

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But on the flip side, Coinbase<\/a> and Binance were charged with violation of securities laws by the US SEC in separate lawsuits which came simultaneously around the first week of June 2023. Coinbase was accused<\/a> of engaging in an unregistered securities offering through its staking-as-a-service program.<\/p>\n

Crypto Political Consensus In US<\/h2>\n

Amid a flurry of digital assets related bills being introduced in the US legislatures, Deaton explained that there was hardly any chance that the bills would be passed especially with the anti-crypto agenda dominating among the lawmakers. He said there was zero chance that the bills would be passed when the incumbent party\u2019s biggest and most influential leaders are anti-crypto.<\/p>\n

Also Read: Terra Luna Classic (LUNC) Community Approves Major Proposal<\/strong><\/a><\/p>\n

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Top Crypto Marketing Firms \/ Agencies 2023; Here\u2019s Best Picks [Updated]\n <\/div>\n

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Anvesh reports major crypto updates around U.S. regulation and market moving trends. Published over 1,200 articles so far on crypto and blockchain. A proud dropout of University of Massachusetts, Lowell. Can be reached at anvesh@coingape.com or twitter.com\/BitcoinReddy or linkedin.com\/in\/anveshreddybtc\/ <\/p>\n<\/p><\/div>\n

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The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n

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–><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

Attorney John Deaton, the lawyer representing XRP token holders in the U.S. Securities and Exchange Commission (SEC) lawsuit against Ripple, suggested that crypto as a policy issue should be fought in Courts until there is political consensus in the United States. The lawyer said the same in context of the Senate and House leaders introducing […]<\/p>\n","protected":false},"author":2,"featured_media":155332,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[192,29,198,194,195,199,196,193,197,200],"class_list":["post-155331","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-blockchain-business","tag-business","tag-coins","tag-crypto-business","tag-cryptocurrency-business","tag-fiat","tag-metaverse-business","tag-nft-business","tag-token","tag-token-business"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/155331","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=155331"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/155331\/revisions"}],"predecessor-version":[{"id":155337,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/155331\/revisions\/155337"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/155332"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=155331"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=155331"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=155331"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}