1/🧵 Ripple is using a recent court ruling on Binance’s BNB token to argue against the SEC’s crackdown on XRP. They claim the lack of clear regulations should prevent severe penalties. Fair, right? How can you follow unclear rules?
#threadstorm #inleo
2/🧵 Last week, a judge ruled that Binance’s BNB sales weren’t securities. Ripple jumped on this, filing a Notice of Supplemental Authority to support their case. They believe this ruling backs their argument due to the ambiguity around crypto regulations.
3/🧵 The SEC disagrees, saying the Binance ruling doesn’t apply to Ripple. They argue Ripple is ignoring key details and that the case doesn’t relate to XRP’s legality. This battle is crucial as it could set a precedent for future crypto regulations.
https://inleo.io/@curiousmind2/ripple-vs-sec-the-latest-twist-in-the-crypto-legal-drama-3py