Cathie Wood, the CEO of ARK Investment Management, has reaffirmed her bullish stance on Coinbase, one of the leading cryptocurrency exchanges, despite ARK’s recent sale of COIN stocks. Wood’s optimism comes in the wake of Ripple’s partial victory over the Securities and Exchange Commission (SEC) on July 13. This ruling, while not entirely in favor of Ripple, has been viewed as a positive development for the broader crypto industry, particularly for crypto exchanges. Moreover, Wood’s confidence aligns with other experts who believe that this ruling could have significant implications for Coinbase and its ongoing legal battles with regulatory authorities. Ripple Court Ruling: A Boost for Crypto Exchanges and Coinbase The recent court ruling in favor of Ripple against the SEC has sparked reactions within the crypto industry. Cathie Wood, along with several industry pundits, has lauded the ruling, recognizing its potential positive impact on Coinbase and other exchanges. Related Reading: 29% Of Bitcoin’s Circulating Supply Is Now Presumed Lost Forever The court found that XRP tokens sold to retail investors on crypto exchanges ..
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