Ripple Labs scored a major win in its battle with the United States Securities and Exchange Commission (SEC), with XRP deemed as not a security when sold on digital asset exchanges. However, some lawyers argue an appeal is possible and that it may not necessarily help in cases against Binance and Coinbase (NASDAQ:COIN).
Binance has reportedly laid off over 1,000 workers in recent weeks, as the cryptocurrency exchange grapples with regulatory challenges and a U.S. Justice Department investigation.