In a momentous day for the world of cryptocurrencies, renowned pro-Ripple lawyer Bill Morgan has drawn attention to three pivotal events that are set to shape the future of digital currencies.
Bill Morgan stated in his recent tweet that the “Binance response to the SEC motion for temporary restraining orders is due on June 12, with the hearing on June 13.
Perhaps, the next hearing is scheduled for June 13, which aligns with the release of the Hinman documents and the House Financial Services Committee’s discussion on the future of digital assets, while Bill Morgan refers to this date as a Pivotal Moment for the Crypto Industry”
Meanwhile, the SEC’s recent legal actions have made waves in the crypto market. The regulatory body has filed 13 charges against Binance and its CEO, alleging failure to register as an exchange and broker-dealer. Furthermore, the SEC has sought a temporary restraining order to freeze Binance.US assets.
Additionally, Ripple’s General Counsel, Stuart Alderoty, came forward and criticized the SEC’s claims, stressing. “The allegations in these suits are just that – unproved.” Alderoty looks ahead to the judicial and congressional responses, expecting them to play a vital role in shaping the outcomes of these legal battles.
In parallel, the Coinbase lawsuit has also witnessed notable developments. James K. Filan has revealed that the SEC v. Coinbase case has been assigned to Judge Jennifer H. Rearden in the Southern District of New York.
Additionally, Coinbase’s Chief Legal Officer, Paul Grewal, reports that the Third Circuit has issued a short order pertaining to Coinbase’s mandamus action. The court’s inquiry raises questions about the SEC’s suit against Coinbase and the potential denial of pending petitions for rulemaking. The SEC has been granted a seven-day window to provide a response.
As the crypto industry continues to evolve, these upcoming events and legal proceedings hold profound implications.
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