XRP Lawsuit: Can Judge Deny To Rule On XRP Secondary Sales? XRP Lawyer Clarifies

Also Read: XRP Escrow Unlocked; Will Whales Scoop More XRP?

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XRP Sales Issue To Make It To The Final Ruling?

Attorney John Deaton, Amicus Curiae in the XRP lawsuit disagreed with the lawyers that believe that District Judge Analisa Torres will not address the token itself or secondary sales issue in the ruling. He stated that the Judge needs to ignore the SEC’s theory build around XRP first in order to pass over the secondary sales issue.

US SEC suggests that Ripple engaged in an operation that is equivalent to a decade long and still running, 24/7 initial coin offering (ICO). It marks each and every sale of XRP as securities neglecting the seller or the circumstances surrounding the sale.

According to Deaton, the district court judge should address both issues just like her co-worker, Judge Castel did in the Telegram Case. Read More XRP lawsuit News Here…

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