Coinbase, the popular cryptocurrency exchange, has taken legal action against the Securities and Exchange Commission (SEC) for failing to respond to their filing, which they claim is the main reason for their decision. According to pro-XRP lawyer John Deaton, Coinbase has strong grounds for their legal action, and he believes that the cryptocurrency industry will ultimately succeed in court.

The XRP case has also taken an interesting turn, as Deaton has filed a groundbreaking lawsuit on behalf of XRP, seeking to limit the scope of the charges against Ripple by focusing only on XRP coins sold by Ripple's blockchain payments firm. This move could potentially allow XRP to remain in circulation, but the outcome of this lawsuit is uncertain and will be determined in court. It remains to be seen how this legal battle will affect the future of the cryptocurrency industry.