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Showing posts with the label ripple vs sec news

Ripple file its opposition to SEC's planned appeal to XRP ruling

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# XRP Community #SECGov v. #Ripple # XRP BREAKING: Ripple files it’s opposition to the SEC’s anticipated motion for leave to file an interlocutory appeal . pic.twitter.com/Rk8Ho0Gfxw advertisement — James K. Filan 🇺🇸🇮🇪 (@FilanLaw) August 16, 2023 Ripple Labs Fulfills its Promise The SEC has shown clearly that it was against the part of the verdict from Judge Analisa Torres that says the trading of XRP tokens on secondary trading platforms are not securities. While it recognizes its inability to file a direct appeal to the ruling, the SEC pushed for permission through the interlocutory appeal request. Recommended Articles Crypto Presale Projects For 2023 To Invest; Updated List Must Read Best Crypto Trading Bots List 2023 ...

XRP News: Attorney Suggests New End Date For XRP Lawsuit

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Also Read: XRP Lawsuit Verdict Crucial For Major Cryptos Other than BTC advertisement Pro XRP Lawyer Expects Ruling By August Attorney Fred Rispoli, pro XRP lawyer predicted the possible end date of the US SEC vs Ripple lawsuit. The lawyer laid out the stats linked to the District Court, Analisa Torres’s motions for summary judgment. He highlighted that the judge has granted the motion for summary judgment to defendants in 37% of the case. While the ruling has been given to plaintiffs in 24% of the lawsuits. As per Rispoli, Motion for the summary judgment has been announced in an average time of 249 days. However, 60% of the rulings came between a period of 146 to 330 days. This suggests that a verdict would have come around May 21, 2023, which is 249 days from September 17, 2022 (the date of filing the initial motion for summary judgment). He added that if one considers 330 days criteria then the ruling would come around August 10, 2023. Read More...