Ripple getting support by Coinbase CEO against US regulators

Coinbase CEO Brian tweeted a series of comments regarding the unpleasant action of the SEC against crypto firms. 

On 26 October, Brian Armstrong, CEO of Coinbase exchange, quoted an article of Forbes on SEC & crypto and wrote that the case is going much better than what people were expecting. 

*..SEC is realizing that attacking crypto is politically unpopular (because it harms consumers)”

Through the next tweet, Brian claimed that there are innocent people who are thinking that the SEC is protecting against bad actors but in actuality, the SEC is attacking.

Ripple vs SEC legal battle

In the present time, Ripple vs SEC battle is at the top level legal battle in the crypto industry. On one hand, Ripple has strong points, on other hand, SEC agencies trying their best. 

In the latest, the SEC agency got a two-month discovery phase by the court judge against Ripple firm to present sensitive witnesses against the allegations imposed by SEC authorities on Ripple firm. 

Ripple getting support from Celsius 

This is not the first time when Ripple got support from any other crypto firm but already before this, they got supported by the Celsius lending platform. 

With the appreciation of the Ripple stand against the SEC, Celsius CEO said that the SEC wants to see a situation similar to Ripple with Coinbase. At that time, the matter of Coinbase’s lending product for the USDC was threatened by the SEC, where SEC authorities stated that lending products of Coinbase will be considered as unregistered securities. When Coinbase asked for clarity then the SEC agency didn’t respond.

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