XRP has been on a tear this year, as more and more evidence seems to be appearing in XRP’s favor in the SEC v Ripple case. The most recent update came on the 21st of March, when Judge Analisa Torres excluded a crucial witness from the SEC during the court hearing. Patrick Doody, ...
He stated his belief that a court ruling would be delivered within a few weeks. The case has been on for a while now; as such, Garlinghouse’s statement that he anticipates a ruling soon is being interpreted by XRP (XRP) holders as a sign that the case would go their way....
and it highlights the SEC’s efforts to cement and legitimize its overly broad interpretation of the Howey test,” and “a ruling that adopts the SEC’s view of the law would expand the landscape of assets that are considered securities in a manner contrary to the Supreme Court’s ...
“The current Supreme Court, we’d love to see the Vegas odds on how that would go. They have not been friendly to regulators.” Possible roadblocks to an SEC appeal against the Programmatic Sales ruling include, SEC v Coinbasecase (COIN): Investors await a court ruling on the Coinbase ...
Investors Dump Ripple (XRP) As Legal Case Drags A few weeks back, the legal case againstRipple (XRP)ended after a US judge approved a fine of $125 million against Ripple (XRP). However, the court allowed either side to appeal the verdict within 60 ...
a class-action lawsuit is filed against Ripple in which the claimant alleges that the firm has propagated the use of a scam that allowed it to “raise hundreds of millions of dollars through unregistered sales of its XRP tokens.” The case is still in court and will hopefully find resolutio...