With Ripple’s Benefit Ruling, XRP Fans Rejoice As the case is expected to close soon, XRP advocates have listed all the latest verdicts in the case. This points to a weakening of the SEC’s main argument, and Ripple’s latest response appears to be positive.
XRP supporters cheering for Ripple
In its latest filing, Ripple has responded to the US SEC’s move for some reconsideration. and clarified the court’s ruling on judicial privilege (DPP). Basically, the SEC asked the court to allow additional documentation to support allegations that Bill Hinman’s 2018 speech should. Protected by DPP
In response, Ripple asserted that the SEC was merely seeking a “refutation” to overturn the court’s previous ruling.
“The SEC’s request is an improper attempt to alter the form of the case. simply because they were dissatisfied with the court’s order at the previous briefing,” the petition said in part.
They added that the SEC wants to reshape the case. Although sworn in court that Hinman’s remarks were his personal opinion, Ripple pointed out that the SEC “appears to confusedly argue that the remarks should be in the space between ‘Personal Views’ or ‘Organizational Policies’”
XRP supporters have been praising the clear response from Ripple’s legal team, with the XRP community continuing to point out a possible compromise between them. XRP and Ethereum They said the SEC had reached the end of the lawsuit. This is because all the evidence suggests that the Commission could not prove wrongdoing on the part of Ripple’s executives.
“There is no way the SEC can be held liable, with the SEC proving that the two executives really know XRP is a reckless entity,” prominent attorney John Deaton said recently. this
Deaton also presented some allegative evidence to the SEC, with Deaton having said former SEC chair Jay Clayton and Bill Hinman have clear ties to key players that connect the SEC. Connect with the Ethereum blockchain
These connections played a role in the SEC’s move to call XRP a security and file a lawsuit against Ripple to support this argument. In which he presented several cases showing that prior to 2020, the SEC was unclear whether XRP was a security or not.
Ripple’s Latest Triumph in Court
The court’s latest verdict was last week. Pointed out that Ripple was a huge advantage. Judge Analisa Torres voted to reject the side’s petition. The SEC petitioned in favor of Ripple’s motion to lift fair notification protections, with the XRP community celebrating their victory.
XRP Fans Confirm “SEC Game Over” As Ripple Continues Winning Lawsuits Appears first on Bitcoin Addict.