Ripple lawsuit: here's where things stand as regards every motion in case RippleXRP XRPArmy XRP $XRP XRPCommunity XRPholders
, raised the possibility that the SEC official's emails may include some damning material at the WEF in Davos. Bill Hinman, a former SEC employee, said in a lecture in June 2018 that Ethereum was not a security.An earlier prediction by James K. Filan suggests that District Judge Torres might decide on the motions simultaneously in one"big written ruling."
Brad Garlinghouse, CEO of Ripple, expressed optimism at Davos that a resolution to the company's legal battle with the Securities and Exchange Commission will be reached in 2023, possibly in the first half of this year.He continues by saying that he anticipates a decision to be made"some time in the coming single digit months" — possibly as early as June.
Important repercussions will be felt by both Ripple and the larger crypto market as a result of the lawsuit concerning whether XRP should be regarded as a security. In 2020, the U.S. Securities and Exchange Commission filed a lawsuit against Ripple and two of its executives, claiming that it offered XRP to investors in violation of the law without first registering it as a security.
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