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Ripple’s Lawsuit Against the SEC
Ripple took a different approach in their legal battle against the United States Securities and Exchange Commission (SEC). Before the court’s ruling, a Ripple executive pointed out the SEC’s lack of internal cohesion on existing regulations and highlighted previous meetings with former SEC officials where XRP was not classified as a security.
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Ripple’s legal team viewed the lawsuit as an act of bad faith and firmly believed that the agency thrived in regulatory uncertainty.
Binance’s Response to Scammers in Nigeria
Binance took decisive action against scammers operating in Nigeria using a fake website. The company issued a desist order to Binance Nigeria Limited, prompting Nigerian market regulators to instruct Binance to cease all operations in the country.
Binance’s Global Operations
In addition to the Nigerian incident, Binance has faced challenges in other regions. The company decided to withdraw its services from Australia, the Netherlands, Canada, and Cyprus due to charges brought forth by the US SEC.
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