SEC Can't Win Ripple Case Over Howey Test; Attorney predicts

U.S. Securities and Exchange Commission (SEC), Ripple and defendants and the whole crypto community are waiting for the summary judgment in the XRP lawsuit. However, the Attorney covering the crucial case has dropped good XRP news for the community.

Timeline of Xrp

The XRP community's fan-favorite lawyer Jeremy Hogan has once again commented via Twitter on the current state of the court case between Ripple Labs and the US Securities and Exchange Commission (SEC). Hogan cited attorney John E Deaton, who represents over 75,000 XRP investors in the litigation.

Last week was an eventful one for Ripple as the San Francisco-based company saw its allies grow in the lawsuit against the US Securities and Exchange Commission (SEC), leading to speculation that the XRP might finally break out. The post Ripple Gains New Allies Against the SEC, Improving XRP Price Forecast  appeared first on BeInCrypto.

On Saturday (5 November 2022), American lawyer John Deaton, the owner of the Deaton Law Firm (which is based in East Providence, Rhode Island), explained why he believes it is wrong to claim that only Bitcoin can solve the problem of “instantaneous global micro transactions at scale”.

An insider pinpoints the SEC vs Ripple lawsuit concluding in March 2023 sending XRP prices to the moon Pressure continues to pile on the SEC with multiple parties filing to support Ripple in the lawsuit The SEC vs Ripple Lawsuit may be concluded in the first quarter of 2023 according to former federal prosecutor James

Support for Ripple Labs in its fight against the U.S. Securities and Exchange Commission (SEC) over xrp has grown, with 12 amicus briefs filed. “It's unprecedented,” Ripple CEO Brad Garlinghouse said, adding that each brief explains in its own unique way “the irreparable harm the SEC will do to every facet of the U.S.

The long running XRP lawsuit is right now in the Summary Judgment phase. However, the ruling might be affected as the US SEC was granted additional time to file a reply to the Amicus Briefs.

Ripple's problems started when the Securities and Exchange Commission (SEC) started looking into how the company advertised and sold its XRP tokens. Since then, the SEC has maintained that the token is a security and as such, violates SEC requirements.

XRP found a solid rebounding trigger from the $0.44 support, can the buyers sustain a rally? The altcoin's MVRV ratio and Funding rates corroborated the recently elevated buying pressure

XRP SEC Lawsuit News: The U.S. SEC got its motion granted for additional time to file reply briefs in the Ripple (XRP) lawsuit. The United States District Judge granted the SEC's motion to extend time for all parties to file reply briefs.

Major crypto and finance companies are siding with Ripple Labs in its ongoing legal battle with the United States Securities and Exchanges Commission (SEC).  Ripple Garners Legal Support A total of twelve fintech and crypto companies and investors have shown their support for Ripple Labs in their legal battle with the SEC, in which the latter had accused the crypto company of trading unregistered securities.