The lawsuits against Ripple and Coinbase could make it to the Supreme Court, according to a former SEC litigator
Former Securities and Exchange Commission litigator Linda Steward recently predicted that the Ripple case could go all the way to the Supreme Court in order to determine what makes a crypto asset a security, Fortune Steward, who was recently debating some blockchain lawyers at a Columbia Business School event, said that the agency views the sales and offers of tokens as securities, but this does not apply to the underlying asset.
Despite scoring a partial victory against the SEC last July, Ripple is still facing massive fines from the SEC. Moreover, the regulatory agency is expected to appeal the 2023 ruling, according to which the secondary sales of the XRP tokens did not constitute security offerings. The Coinbase case is another candidate that could make it to the Supreme Court, according to Steward.
Steward, who was involved in the SEC's litigation against FTX, Ripple, and Terra, parted ways with the regulatory agency in February to join prominent international law firm White & Case. She left the agency when the SEC was in the middle of making its case against dismissing the lawsuit against Coinbase. As Alex Dovbnya is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets.
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