Coinbase argues SEC’s XRP lawsuit caused $15B in losses for retail traders
Crypto exchange Coinbase has filed an amicus brief in support of Ripple (XRP), arguing that the SEC’s lawsuit led to retail traders losing $15 billion. According to the exchange, the SEC action forced U.S.-based exchanges to delist XRP, causing retail customers significant losses as the coin’s market cap declined.
The U.S.-based crypto firm continued that it had repeatedly urged the SEC to guide the crypto space; however, the regulator was focused on regulating the industry through individual enforcement actions. Coinbase added that the SEC had subjected Ripple to “extensive enforcement scrutiny,” while other firms with identical products or services have been left off. It stated that the regulator’s existing registration requirements were unsuitable for the way digital assets platforms operated.
Source
https://t.me/Cronos_Cardano_Ripple
