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Join the Securities Litigation and Enforcement Group on LinkedInU.S. SEC Counters Ripple in Ongoing Effort to Appeal Groundbreaking XRP Ruling
Whether or not Ripple violated securities law in making XRP available to retail investors by putting it on crypto exchanges is absolutely a question that needs appeals court intervention, the U.S. Securities and Exchange Commission (SEC) argued Friday. The SEC filed a response to a Ripple memo which argued the opposite as part of its […]
‘Vast swathes’ of XRP owners in Ripple case don’t believe the tokens are securities. They’re class members anyway. | Reuters
“For these thousands of putative class members, the notion that their XRP — that they purchased and may still own — is a ‘security’ comes as an unwanted surprise,” the defendants said. XRP trading would be more complicated if the coins were found to be securities, Ripple’s lawyers said — and sellers might even face […]
Crypto Firm Ripple Labs Fights SEC by Claiming Its Investors Have No Rights – Bloomberg
Ripple over the weekend filed a motion seeking dismissal of the suit before trial in federal court in Manhattan. The company argued that XRP can’t be considered a security because there was no “investment contract” granting investors rights or requiring the issuer to act in their interests. *** The regulator also asked for a ruling […]