XRP Lawsuit: Ripple May Have Upper Hand Against SEC, Thanks to U.S. DOJ’s Latest Comments on Crypto

XRP Lawsuit: Ripple May Have Upper Hand Against SEC, Thanks to U.S. DOJ’s Latest Comments on Crypto
фото показано с : zycrypto.com

2023-1-3 23:03

As the SEC vs Ripple case extends into the new year, XRP supporters are on the lookout for any edge Ripple could have over the SEC in hopes that it might strengthen Ripple’s chances of winning the case.

Is Ripple another step ahead of the SEC in the ongoing case?

Luckily, XRP supporters can look at the recent statements made by the U.S. Department of Justice, which classifies two cryptocurrency tokens as “commodities.” The statements have spurred optimism among community members, who consider the statement a valid point of reference for Ripple’s lawyers in the ongoing case.

The classification of two cryptocurrencies, namely CRV and MNGO, as commodities by the U.S. DOJ, can be seen in a recent court filing against Avraham Eisenberg.

Avraham Eisenberg, who was allegedly involved in hacking the decentralized exchange platform Mango Markets, was recently charged with market manipulation after being arrested on the 28th of December in Puerto Rico.

The documents filed against Eisenberg, who allegedly made away with over $50 million from the hack, were filed in the same court where the SEC vs Ripple case is currently taking place.

In the filing, the DoJ refers to CRV and MNGO as commodities in different paragraphs. This has triggered positive sentiments among Ripple supporters who speculate that if the DoJ can classify these other crypto assets as commodities, Ripple’s XRP might also be categorized as a commodity, not a security.

However, some notable figures in the cryptocurrency industry have debunked these claims, highlighting the difference in the DOJ’s situation.

One such figure was General Counsel at Delphi Labs Gabriel Shapiro. Shapiro explained that the label on both cryptos isn’t bullish for XRP or cryptocurrencies in general.

“The fact that the case doesn’t characterize the relevant tokens as securities is not in any way bullish/positive and merely arises from litigation strategy–the fewer predicate issues the govt has to litigate in its case, the better. Moreover, swaps are just as big if not a bigger regulatory quagmire than securities.” He wrote in a tweet.

Similarly, popular attorney John E Deaton has pushed back on these takes, saying that prosecutors’ choice of language does not hold any weight as a defence tool for Ripple.

Per his tweet below ; 

“NOT TRUE. Prosecutors are simply calling the tokens commodities for their own prosecutorial reasons. Whether the underlying asset is a commodity or a security isn’t important – the fraud is. Calling it a security creates an unnecessary burden of proof.”

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Ripple (XRP) на Currencies.ru

$ 0.5535 (+0.27%)
Объем 24H $1.98b
Изменеия 24h: 3.72 %, 7d: 8.91 %
Cегодня L: $0.5389 - H: $0.5736
Капитализация $31.474b Rank 7
Цена в час новости $ 0.3489 (58.64%)

ripple sec case xrp edge any lookout

ripple sec → Результатов: 126


Ripple files cross-appeal challenging SEC’s XRP institutional sales ruling

Stuart Alderoty, Ripple’s chief legal officer, said “the SEC can’t submit new evidence or ask us to produce more” Ripple’s Form C requests that each issue is subjected to a de novo standard of review Ripple’s cross-appeal follows a week after the SEC filed its cross-appeal against a previous ruling that partially favored Ripple Ripple […] The post Ripple files cross-appeal challenging SEC’s XRP institutional sales ruling appeared first on CoinJournal.

2024-10-26 15:27


Глава Ripple о новой апелляции SEC: «Будем бороться столько, сколько потребуется»

Комиссия по ценным бумагам и биржам США (SEC) подала апелляцию на решение суда по делу против Ripple, что вызвало резкую реакцию руководства компании. Глава Ripple Брэд Гарлингхаус (Brad Garlinghouse) заявил о готовности продолжать борьбу в суде.

2024-10-3 09:10


Why Ripple May Never Deliver Substantial Profit Despite a Win Against SEC: XRP Bulls Eye This 30% Short-Term Move

The legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) has been a long and arduous one, with both sides presenting their arguments in court. As the case nears its conclusion, many in the XRP community are speculating about the potential impact a favorable ruling for Ripple could have on the price […] The post Why Ripple May Never Deliver Substantial Profit Despite a Win Against SEC: XRP Bulls Eye This 30% Short-Term Move appeared first on CaptainAltcoin.

2024-5-4 21:45


Фото:

Ripple CEO criticizes SEC for stifling crypto innovation with aggressive enforcement

Ripple CEO Brad Garlinghouse said the U.S. SEC’s actions toward the crypto industry have failed in protecting investors and needs to reassess its regulatory strategy. Speaking to CNBC’s Dan Murphy at the Ripple Swell conference in Dubai, Garlinghouse expressed concern about the SEC’s focus and questioned: “Who are they protecting in this journey?” The CEO […] The post Ripple CEO criticizes SEC for stifling crypto innovation with aggressive enforcement appeared first on CryptoSlate.

2023-11-12 05:00