Altcoins News
By James Thorp
1 / 13
Ripple helps move money instantly across the world. XRP investors and believers love to analyze the XRP price cycle.
2 / 13
Attorney Jeremy Hogan Talks BIG WIN for Ripple in the SEC v. Ripple / XRP Lawsuit at Hearing.
3 / 13
Reportedly, The XRP hearing call maxed out at 4000 listeners again.
4 / 13
XRP fans were like: Ripples attorneys have been playing chess the entire time, while the SEC is trying to hold on for dear life and drag this out so they end up with as…
5 / 13
The Attorney stated that it was a disappointing ruling on the memorandum of understanding issue.
6 / 13
There was a ruling from the Judge that the SEC could continue to send out requests to foreign governments requesting documents from Ripple’s Business Partners and MOU requests.
7 / 13
Ripple made an argument that the SEC was using Bullying tactics not available to it as a private litigant.
8 / 13
The Attorney stated: “In Litigations and war this is not uncommon. If they know that the client is in bad financial condition, they will absolutely drag up the case,…
9 / 13
However, Ripple did not have any evidence of that and it was an assumption. And, the judge would not rule based on assumptions and not evidence.
10 / 13
The issue was whether the SEC could get its greedy little hands on opinion letters from Ripple’s lawyers to reply as to whether XRP is a security or not.
11 / 13
Ripple has two viable and strong defense: 1. XRP is not a security of course. Even if it is a security, Ripple lacked fair notice that it was a security and therefore it…
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The SEC wants to keep it simple: Is this a security or not a security. This is because the SEC is nervous about the fair notice defense for good reason.
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Whether a Fair notice defense is a subjective test? Objective test, because law requires a person of ordinary intelligence with a reasonable opportunity to know what is prohibited.
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