Ripple legal team opposes SEC appeal over XRP decision
Lawyers argued the SEC’s grounds for an appeal was based on “dissatisfaction” with a July court decision that the XRP token did not largely qualify as a security. Go to Source
Bookmarking Crypto Insights
Auto Added by WPeMatico
Lawyers argued the SEC’s grounds for an appeal was based on “dissatisfaction” with a July court decision that the XRP token did not largely qualify as a security. Go to Source
John Deaton points out that testimony from former SEC officials Bill Hinman and Jay Clayton during the SEC vs. Ripple Labs case would have categorized XRP as a non-security early on. Go to Source
Additional information suggests the possibility that this whale might be selling its XRP assets, as it had previously moved 14 million XRP to Bitso just a few hours earlier. Go to Source
Attorneys Pascale Guerrier, Richard Best and Robert MacDonald Moye representing the U.S. SEC in its ongoing lawsuit against Ripple have withdrawn from the case. Go to Source
Crypto lawyer John Deaton cited several instances where major crypto players like Coinbase reached out to the SEC for regulatory clarification before listing XRP, but didn’t face any objection. Go to Source
According to the CTO, the SEC is seeking an appeal at this specific point based on its interpretation that the legal case has not yet reached a conclusion. Go to Source
Profit and loss settlement will occur in USD, with OrBit Markets responsible for order book liquidity. Go to Source
The court seeks to address issues related to orders that rejected the SEC’s plea to seal the Hinman speech documents and Ripple’s request to seal information regarding XRP sales. Go to Source
The SEC’s interlocutory appeal comes nearly a month after Judge Analisa Torre’s laid out her non-final ruling. Go to Source
While the pro-XRP lawyer didn’t anticipate XRP reaching a new all-time high after the ruling, he did expect the price to surpass the $1 resistance level. Go to Source