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Ripple Plans to Continue Fight Against the SEC Monica Long, president of Ripple, in an interview with CNBC, revealed that the company plans to continue the fight against the U.S. Securities and Exchange Commission (SEC). “We are planning to continue to fight the case all the way through,” said Long. advertisement The U.S. SEC v. Ripple Labs lawsuit has stretched for nearly three years after outgoing SEC Chair Jay Clayton decided to go ahead with the complaint, as well as pulling CEO Brad Garlinghouse and co-founder Chris Larsen in the case. Judge Torres handed Ripple Labs and its executives a partial win in the lawsuit, stating that programmatic sales of XRP are not a security, but institutional sales are investment contracts. In fact, XRP in itself is not a security. The SEC seeks an interlocutory appeal on the ruling, saying that the Howey test for securities proves it otherwise. Meanwhile, federal judges have called the SEC’s approach arbitrary, c...

The End Of SEC’s Regulation By Enforcement Ripple executive chairman Chris Larsen on September 7 said the SEC’s policy of regulation by enforcement will possibly end as the courts are rejecting the SEC’s unfair approach toward crypto. He also urges the U.S. Congress to act on the SEC and Chair Gary Gensler’s practice to destroy the industry. advertisement “I sincerely hope we’re seeing the beginning of the end of the SEC’s policy of regulation by enforcement. The Courts are rejecting it, and now it’s time for Congress to take the lead on crypto policy.” XRP lawyer Bill Morgan also noted that the SEC is losing badly in the courts but continues to appeal against courts’ rulings. He said the SEC’s approach is “absolutely lamentable.” Judges have called the US SEC’s claims “arbitrary and capricious” in the Grayscale lawsuit and Judge Netburn in the Ripple lawsuit used the ...

Also Read: XRP Price Poised To Massive Surge Despite Gaining 63%; Here’s Why advertisement XRP Outperforms Bitcoin According to the data provided by Kaiko, XRP has managed to surpass Bitcoin as the highest trading volume asset. It mentions that since the summary judgment being presented in the Ripple case, 21% of all the crypto trading volume has been for XRP. Bitcoin accounted for 20% of all the crypto trade volume took place since then. While, Ethereum (ETH), the second largest crypto registered just 8% of the total volume. The much anticipated win for XRP against the US SEC has led to a massive increase in its demand among the crypto community. XRP’s trading volume has jumped by around 10 times over the past week. However, it is important to note that the recent increase in volume is only at 10 month highs. Read more XRP News Here… Recommended Articles ...

Also Read: When Will Bitcoin Price Reach Its Peak In 2023?: TimeFrame Prediction By Expert advertisement Considering the regulatory weightage the XRP lawsuit’s premise holds, it is already well established that the Summary Judgement could be extremely important for the Crypto Market ecosystem in the United States . In its lawsuit against Ripple in 2020, the U.S. Securities and Exchange Commission (SEC) claimed that the company sold XRP tokens in an unregistered security offering. Interestingly, several crypto industry companies had in the recent times been dragged into lawsuits over similar charges. When To Expect XRP Lawsuit Summary Judgement In his fresh prediction, Deaton factored in the public release of Hinman speech documents by June 13, 2023. He said Judge Torres could most likely deliver the judgement by the end of September 2023. Speaking in an interview on Friday, the attorney explained that if the judgement is delivered after all t...