SEC vs Ripple Pretrial Court Hearing Synopsis

evo

Site Admin
Joined
Apr 2017
Here is a quick synopsis of what happened yesterday at the SEC vs Ripple pretrial court hearing:


Both the SEC and Ripple opened, showing their strategy, and the bombshell moment was a centralized exchange received positive confirmation to list Ripple from the SEC, upon their inquiry one year before this case came about. The SEC will have a hard time explaining what changed only a year later. And Ripple proclaimed XRP does not change or move in value in lockstep with Ripple's business or profits, but rather changes in value with the price of Bitcoin and other cryptocurrencies, again separating the coin from the business.

I expect more discovery will be uncovered, and the eventual outcome of this will be a settlement, just as Bitfinex and Tether settled their ongoing legal dispute.
 

evo

Site Admin
Joined
Apr 2017
Yesterday was another court hearing and the defendants, Garlinghouse and Larsen, filed a Motion to Dismiss with the judge presiding over the SEC versus Ripple lawsuit:

 

Similar Threads

Top