⚠️ In what could spell the downfall of the SEC’s dominance over the crypto space, Ripple, Coinbase, and Bitnomial have launched an aggressive offensive. Bitnomial has sued the SEC, accusing it of overstepping its bounds by claiming XRP is a security, a classification that Bitnomial argues should fall under the CFTC as a commodity. Meanwhile, Ripple and Coinbase have joined forces in a high-stakes appeal to the 2nd Circuit, seeking to dismantle the SEC’s approach to regulating crypto assets.

With accusations flying of stifling innovation, blocking market expansion, and overstepping its authority, the SEC is facing the most coordinated and potent pushback from the crypto world to date. These lawsuits are more than just legal battles—they are an all-out war to curb the SEC’s unchecked influence and reshape the future of digital asset regulation in the U.S. The coming months could mark the beginning of the end for the SEC’s reign over crypto, with rulings that will redefine the industry’s regulatory landscape. #Ripple #collapse #Coinbase #CryptoAnalytics #cryptomarket #CryptoNews  #XRPArmy #XRPCommunity