• Coinbase’s legal win could bring clarity and expansion to crypto services.
• Bitcoin’s price may rally to $170,000 due to market dynamics.
• Reduced selling pressure and increased accumulation, aiding Bitcoin’s outlook.

A recent legal case involving cryptocurrency exchange Coinbase resulted in a ruling that could impact the future of the crypto industry. According to an X post by Altcoin Daily, the U.S. appeals court has ruled in favor of Coinbase, stating that its downstream sale of digital assets is against the Securities Exchange Act. 

The platform’s victory over the SEC has the capacity to influence global sentiments for Ripple and its native token XRP. This favorable ruling is expected to bring about increased clarity, which could introduce a broader range of services and offerings within the cryptocurrency domain. 

Given the persistent concerns surrounding regulatory uncertainty, this legal victory represents a substantial stride toward achieving mainstream acceptance and the seamless integration of digital assets. Meanwhile, Coinbase’s triumph has changed the trajectory of digital assets like Bit…

The post Coinbase’s Legal Victory to Propel Bitcoin to $170K appeared first on Coin Edition.

• Coinbase’s legal win could bring clarity and expansion to crypto services.
• Bitcoin’s price may rally to $170,000 due to market dynamics.
• Reduced selling pressure and increased accumulation, aiding Bitcoin’s outlook.

A recent legal case involving cryptocurrency exchange Coinbase resulted in a ruling that could impact the future of the crypto industry. According to an X post by Altcoin Daily, the U.S. appeals court has ruled in favor of Coinbase, stating that its downstream sale of digital assets is against the Securities Exchange Act. 

The platform’s victory over the SEC has the capacity to influence global sentiments for Ripple and its native token XRP. This favorable ruling is expected to bring about increased clarity, which could introduce a broader range of services and offerings within the cryptocurrency domain. 

Given the persistent concerns surrounding regulatory uncertainty, this legal victory represents a substantial stride toward achieving mainstream acceptance and the seamless integration of digital assets. Meanwhile, Coinbase’s triumph has changed the trajectory of digital assets like Bit…

The post Coinbase’s Legal Victory to Propel Bitcoin to $170K appeared first on Coin Edition.