Ripple Files Final Submission Against SEC

Ripple Files Final Submission Against SEC

Ripple argued in its motion document that the SEC has failed to prove that its offering of $XRP between 2013 and 2020 was an offer or sale of an "investment contract" and therefore a security under federal security laws. Ripple concluded the document by stating that "the court should grant Defendant’s Motion and should deny the SEC’s Motion."

Stuart Alderoty, General Counsel of Ripple stated on Twitter on Dec. 3 that this is Ripple’s "final submission," asking the court to "grant" judgment in its favor. He also stated that Ripple is proud of the defense it has mounted on "behalf of the entire crypto industry," noting that Ripple has "always played it straight with the court,’ taking a subtle swing at the SEC saying he "can’t say the same for our adversary."

Previously, the SEC and Ripple both filed redacted replies to each other’s opposition to motions for summary judgment.

Source

Ripple

SEC

In This Article

Related News
'75% of Ripple’s open roles are now US-based' — CEO Brad Garlinghouse '75% of Ripple’s open roles are now US-based' — CEO Brad Garlinghouse
SEC Chair Gary Gensler to step down as Trump signals pro-crypto agenda SEC Chair Gary Gensler to step down as Trump signals pro-crypto agenda
Crypto.com sues SEC to ‘protect the future of crypto’ in US Crypto.com sues SEC to ‘protect the future of crypto’ in US
XRP rockets 26% as Ripple execs hail $125M penalty as ‘victory’ XRP rockets 26% as Ripple execs hail $125M penalty as ‘victory’
Citi upgrades Coinbase shares to ‘buy’ citing ‘shifting’ US politics Citi upgrades Coinbase shares to ‘buy’ citing ‘shifting’ US politics
Latest News More More
10 Hours Ago 0xbow unveils ‘Privacy Pools,’ a new blockchain privacy tool drawing from Vitalik Buterin’s research
5 Days Ago Ethereum edges closer to deploying Pectra on mainnet with successful upgrade on Hoodi testnet
5 Days Ago MEXC Extends DEX+ Platform to Binance Smart Chain Users
March 25 Binance suspends employee for allegedly profiting off of insider information
March 25 BlackRock launches bitcoin ETP in Europe following US success
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open