SEC crackdown on Binance and Coinbase highlights importance of Ripple case.

The outcome of the SEC v Ripple case could have a significant impact on the lawsuits against Coinbase and Binance, according to crypto lawyers. A favorable ruling for Ripple could undermine the SEC's case against both Coinbase and Binance, which also face allegations of offering unregistered securities. However, a decision by Judge Torres in the Ripple case would not be binding precedent for the other cases. Pro-XRP lawyer John Deaton believes the SEC filed the new cases ahead of the Ripple case result in case it faces an unfavorable outcome.