“The biggest victory for Ripple and XRPHolders, from Judge Netburn’s recent decision, isn’t necessarily the email with the Draft version of the Hinman speech.”
Search Query: #ripple
Conspiracy theories aside, it remains worthy of note that the SEC, which has sought injunctive relief many times, has forgotten (?) to do the same in the SEC v. Ripple case. Why?
Indeed, the case for utility has just initiated a new chapter as XRP moves into the wider blockchain universe to be used according to the wishes of its holders.
wXRP is a derivative product that is pegged to the digital asset that the SEC claims to be a security in what has been dubbed “the cryptocurrency lawsuit of the century”.
“The Court agrees with Defendants that the consequential nature of the litigation supports disclosure.”
“My instinct is that someone wants the deposition to be done in-person for some reason”, said attorney Jeremy Hogan.
Unlike in Fife, Ripple is not relying on its fair notice defense to preclude the SEC from taking discovery and proceeding to merits adjudication.
A court has recently ruled against a defendant which claimed there was no fair notice for the term “dealer”, which had less binding authority than “investment contract”. Attorney Hogan explained this time is different because the burden is on the SEC.
The value of digital assets along with the technology infrastructure that it supports can no longer be ignored, as reflected in the landmark increases in cryptocurrency participation we saw in 2021.
US money-transfer company MoneyGram has made a long-term, minority stake investment in cryptocurrency ATM operator Coinme.
The release of the transcript might signal that the Judge’s ruling over Ripple’s motion to compel the SEC to hand over internal deliberations is right around the corner. This motion is a make of break for Ripple’s fair notice defense.
It’s important to keep in mind that cryptocurrency markets are extremely volatile, making it difficult to accurately predict what a coin’s price will be in a few hours let alone long-term estimates.
2022 will see the SEC v. Ripple reach a conclusion, whether through settlement or via court ruling.
Swift, a banking co-operative that handles cross-border payments, has signaled its intentions to explore the expansion into the digital asset network as well.
“Of all the shitty things in 2020, this was certainly one to cap the year Rolling on the floor laughing.”
Other prominent figures within the XRP community made their comments, including attorney Jeremy Hogan.
His departure means that SEC Commissioner Hester Peirce will likely be by herself carrying the torch in the fight against the SEC’s hostility toward the digital asset space.
For a moment, retail investors were able to smell the Lambo and the paradisiacal islands they did not buy.
John Deaton stands corrected amid the recent and bizarre turn of events.