Analysis News TheBitTimes.com

Also Read: XRP Escrow Unlocked; Will Whales Scoop More XRP ? advertisement 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… Recommended Articles ...

Also Read: Why Didn’t US SEC Appeal Over Hinman Docs? Is It Looking To Settle? advertisement XRP Was Never A Security Attorney John Deaton, Amicus Curiae in the XRP Lawsuit highlighted a footnote from Ripple ’s opposition and reply briefs submitted in the court. It stated that “there are reasonable grounds to conclude that XRP does not satisfy all elements of the Howey Analysis and is therefore not a security for purposes of the federal securities law. While Exhibit 230 also stated that it is “more likely than not” that XRP “will not be considered a security and thus it should not be subject to regulatory oversight by the US SEC. It is important to note that mentioned statement is from exhibit 220 which is a part of the SEC emails. However, this raises a vital concern here why did the commission allege charges against the Ripple executives when its staff analyzed that XRP is not a security in nature? Read More X...