Welcome to Extreme Investor Network, your go-to source for all things related to the stock market, trading, and Wall Street. Today, we are diving into the latest updates surrounding the SEC vs. Ripple and SEC vs. Coinbase cases that are making waves in the investment world.
While there were no new developments in the SEC v Ripple case over the weekend, investors are eagerly awaiting Ripple’s remedy-related opposition brief. Ripple is set to file the brief by April 22, with a redacted version available by April 24. This brief will be a response to the SEC’s opening brief, where the SEC argued for a $2 billion disgorgement and a ban on XRP sales to institutional investors.
In the midst of the SEC vs. Ripple news, updates from the SEC v Coinbase (COIN) case have caught the attention of investors. Coinbase recently requested permission for an interlocutory appeal in their case with the SEC. Coinbase Chief Legal Officer Paul Grewal highlighted the crux of the appeal, stating that the question at hand is whether an “investment contract” necessitates something contractual – a point of contention between Coinbase and the SEC.
As these high-profile cases unfold, it’s crucial for investors to stay informed and monitor the news for any developments that could impact their investment decisions. At Extreme Investor Network, we provide unique insights and analysis to help you navigate the complexities of the stock market and make informed choices for your portfolio. Stay tuned for more updates on these cases and other important news in the world of investing. Happy investing!
