For one thing, this district court case does not necessarily mean other state and federal courts will see crypto issues the same way. There's a long road of litigation over the legal status of crypto investing, both in this case and more generally. But if — and this is a gigantic ...
"Remember, when the SEC tried unsuccessfully to file an 'interlocutory appeal' they made clear they had no intention of challenging XRP's status as a non-security." So the SEC lawsuit saga continues. I'm no lawyer, but cases like this one could end up in the U.S. Supreme Court when...
As per Brad Garlinghouse (the CEO of Ripple) and Stuart Alderoty, 2023’s mid will probably see the declaration of the ruling. James K. Filan revealed that the court ruling from the court might be made earlier than that. As per him, it could take place in March this ...
Also, adding that intervention will bring nothing new to the case. “Supreme Court precedent dictates that this type of interference with government enforcement actions is constitutionally and statutorily barred, as it intrudes on Executive Branch prosecutorial discretion,” the filing read. While ...
The U.S. Supreme Court defined securities—investment contracts—in 1946 with theHoweytest, referring to the case on which it was ruling. That says that a transaction represents an investment contract if it meets a four-part test: A person (1) invests money (2) in a common enterprise (3...
“The hypocrisy in arguing to the court, on the one hand, that the speech is not relevant to the market’s understanding of how or whether the SEC will regulate cryptocurrency, and on the other hand, that Hinman sought and obtained legal advice from SEC counsel in drafting his speech, sug...
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An important part of settling whether XRP is a currency or a security may involve something called the Howey test, which was created by a 1946 Supreme Court case. That ruling defined a security as an investment of money in a shared enterprise with an expectation of profits from others’ work...
Using his sharp observational skills and out of the box thinking, he is able to grasp the unique points of each case. However due to his solitary nature he isn't well liked by others. Lan Jue, the Minister of Rites, is constantly embroiled in the political strife of the court. ...
The SEC also responded to @JohnEDeaton1’s case on behalf of XRP holders and confirmed what we said on Day 1: their complaint against Ripple is just allegations. The Court presiding over the SEC’s case is “the exclusive method for testing the validity” of those allegations. — Stuart ...