Wednesday, October 4, 2023
Bitcoin - Altcoin News
No Result
View All Result
  • Login
No Result
View All Result
Bitcoin News
No Result
View All Result
Home News

XRP Lawsuit: XRP Holders Are Biggest Loser In Ripple Case? Attorney Suggests This

news by news
December 31, 2022
in News, Ripple vs SEC, SEC vs Ripple, United States, XRP vs SEC
0
XRP Lawsuit: XRP Holders Are Biggest Loser In Ripple Case? Attorney Suggests This
0
SHARES
207
VIEWS
Share on FacebookShare on Twitter

READ ALSO

Kraken Data Shows Huge Bitcoin Influx; BTC Price To Breach $30K Soon?

FTX’s $500 Million Bet on Anthropic Pays Off Amid Google’s Interest

XRP news case Ripple lawsuit XRP lawsuit Ripple Vs SEC

XRP Lawsuit News: XRP, Ripple’s native crypto’s price has been stagnant due to the uncertainty caused by the long running case pulled by the US SEC. However, XRP holders’ have tried to hold the fort in a hope that the outcome of the XRP lawsuit will land in the favor of Ripple. However, an attorney linked to the case has stated that XRP holders are the biggest loser here.

SEC contradicting its stance in XRP lawsuit?

US SEC, Amicus Curiae, Ripple, and Defendants have submitted their briefs and opposition to brief in order to attain a summary judgment in the XRP lawsuit. However, the commission again brought up Hinman’s speech docs and related emails in the latest submission despite facing backlash from the court.

John Deaton, Amicus Curiae in the Ripple Lawsuit stated that XRP holders have been the biggest losers in the XRP lawsuit. It had happened despite the regulator’s mandate to protect customers. In his writ of mandamus, he mentioned that the SEC’s take on XRP constitutes a security that is unprecedented in over 70 years of Securities law.

He added that this stance contradicts previous guidance by authorities like the Howey test. XRP lawyer claimed that anything can be packaged as a security by an investment contract. Meanwhile, this cannot make the underlying asset alone a security.

Coingape reported that the XRP lawyer launched a Twitter Poll asking users whether they believe that the summary judgment would suggest a settlement or goes to verdict. However, almost 60% of the voters believe that there will be a settlement in the case.

The post XRP Lawsuit: XRP Holders Are Biggest Loser In Ripple Case? Attorney Suggests This appeared first on CoinGape.

Related Posts

24/7 Cryptocurrency News

Kraken Data Shows Huge Bitcoin Influx; BTC Price To Breach $30K Soon?

October 4, 2023
24/7 Cryptocurrency News

FTX’s $500 Million Bet on Anthropic Pays Off Amid Google’s Interest

October 4, 2023
24/7 Cryptocurrency News

Ripple Secures An MPI License In Singapore, Here’s Why It Matters

October 4, 2023
24/7 Cryptocurrency News

OpenSea Studio Goes Live for Creators to Easily Launch and Manage NFT Projects

October 4, 2023
24/7 Cryptocurrency News

XRP Price Jumps 5% After Court Denies SEC’s Interlocutory Motion, Next Target $1?

October 4, 2023
24/7 Cryptocurrency News

XRP Lawsuit Trial Date Locked In April 2024; Any Further Change?

October 4, 2023
Next Post
Bitcoin Price Prediction: Complete Report On What To Expect In 2023

Bitcoin Price Prediction: Complete Report On What To Expect In 2023

POPULAR NEWS

Bitcoin Price Prediction: On-Chain Data And Analysts Predict More Upside For BTC

Bitcoin Price Prediction: On-Chain Data And Analysts Predict More Upside For BTC

December 7, 2022
Crypto Prices Today: Huobi Token, Ethereum, Dogecoin Is Up; Solana Takes A Dip

Crypto Prices Today: Huobi Token, Ethereum, Dogecoin Is Up; Solana Takes A Dip

December 7, 2022
Donald Trump’s NFT Trading Cards Pump 350% In Value Upon Launch

Donald Trump’s NFT Trading Cards Pump 350% In Value Upon Launch

December 17, 2022
Bitcoin Price Today: BTC Rises By Nearly 2% While BlockFi Files For Bankruptcy

Bitcoin Price Today: BTC Rises By Nearly 2% While BlockFi Files For Bankruptcy

December 7, 2022
Breaking: “Guilty” FTX Executive Will Now Cooperate Against SBF In Probe

Breaking: “Guilty” FTX Executive Will Now Cooperate Against SBF In Probe

February 28, 2023

EDITOR'S PICK

Breaking: Presidential Candidate RFK Jr. Plans To Back US Dollar With Bitcoin & End Taxes

July 19, 2023
Just-In: Binance To Delay Staked Ethereum Withdrawals After Shanghai Upgrade

Just-In: Binance To Delay Staked Ethereum Withdrawals After Shanghai Upgrade

March 17, 2023

Reuters Accuses Binance For Controlling Bank Accounts Of Binance.US | Coingape

June 6, 2023
Just-In: Elon Musk Declaring New CEO Pumps Dogecoin, Floki Inu, Shiba Inu Prices

Just-In: Elon Musk Declaring New CEO Pumps Dogecoin, Floki Inu, Shiba Inu Prices

February 15, 2023
Bitcoin - Altcoin News

© 2022 coingger.com

Navigate Site

  • Europe
  • Exchange
  • Elon Musk
  • ETH Price
  • crypto Tax U.S.
  • CZ
  • Crypto Miners
  • BTC Price
  • ChatGPT
  • China crypto
  • Coingecko
  • Binance Smart Chain
  • Bitcoin $100K
  • Airdrop

Follow Us

No Result
View All Result
  • Homepages
    • Home Page 1

© 2022 coingger.com

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In