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How will the case against Ripple affect the decision of cases against Coinbase and Binance?

In a media interview, a lawyer on Ripple's side warned that the SEC has launched cases against cryptocurrencies now for a reason. In his opinion, an unfavorable outcome for the SEC with Ripple may also cause an unfavorable outcome in the case against Binance and Coinbase.

"I think the SEC wanted to file these cases before this decision just in case it was a bad outcome for the SEC, which could lead to a loss of political and legal momentum."

It makes sense, because Ripple is now suing the SEC just over the first determination that their coin is a security and if it suddenly turns out that it isn't and the court finds that, then the same will be true for other projects whose trading the SEC is issuing claims against.

What does this mean?

In the U.S., judicial law is built on precedent. Precedent is conventionally when a court has ruled in a similar case in the history of jurisprudence, and if it has been in history, then another case, with similar introductions, must have ruled the same way it did in the very first case.

Case law suggests that there cannot be two different decisions in two similar cases.

In our example, if the court finds that Ripple is not a security, then in a case against another blockchain project with the same inputs, the court must also find that the coin is not a security. A reversal is only possible if there are strong differences between the cases.

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