There were noSEC v Ripple case-related updates for investors to consider. However, according to the court briefing schedule, the SEC had to file its remedy-related opening brief by Mar 22. The opening brief relates to the July 2023rulingon XRP sales to institutional investors. Judge Analisa T...
There were noSEC vs. Ripple case-related updates to influence buyer demand for XRP on Thursday. Investors await the court ruling on Ripple’sMotion to Seal. Ripple filed the Motion to Seal, arguing to seal nonpublic information, including financial statements. While the markets may consider t...
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, ...
Bearish scenario: Ripple loses the case, and the token gets banned worldwide – In this case, Ripple will need to find a different business model, and the price of XRP can crash to the lows of around $0.15. It will be interesting to see what happens with the lawsuit, moving forward. ...
Update on the SEC Lawsuit Against Ripple On March 6, the Court issued a 57 page opinion deciding which opinions of the SEC’s and Ripple’s experts can be considered on summary judgment (and, if needed, at trial) and which opinions need to be “stricken.” Specifically, the SEC’s expe...
“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...
Ripple’s reply brief in support of its motion for summary judgment where the company asked the court to grant judgment in the company’s favor was madepublic. After two years of fighting this lawsuit on behalf of the entire crypto industry and American innovation, the case is fully briefed ...
reports opining on various aspects of the case. In response to an extension request by the SEC, the Court has ordered expert discovery to conclude by mid-January 2022. While the legal process may feel slow, Ripple has sought, and will continue to seek, toexpedite the case as quicklyas ...
Q1 (and part of Q2 2022) Update on the SEC Lawsuit against Ripple On March 11, the Courtdeniedthe SEC’s request to strike Ripple’s fair notice defense recognizing that there is a serious question whether Ripple had fair notice that its distributions of XRP could be perceived to violate ...
In addition, after being ordered six times by the Court over 18 months, the SEC finally produced the documents related to drafts of Hinman’s infamous 2018 speech, which included remarks on why he did not consider offers and sales of BTC and ETH to be securities transactions. Since Hinman’...