Ripple’s Brad Garlinghouse and Chris Larsen File Motion for Summary Judgment in XRP Lawsuit

Ripple’s Brad Garlinghouse and Chris Larsen File Motion for Summary Judgment in XRP Lawsuit


Ripple Labs, along with its top executives Brad Garlinghouse and Chris Larsen, has filed for summary judgment in the nearly two-year-long dispute over XRP.

The U.S. Securities and Exchange Commission (SEC) sued Ripple in late 2020 under allegations that it issued XRP as an unregistered security.

In law, when one party files for a summary judgment, that entity is asking the court to promptly dispose the case without a full trial with the belief that there are no material facts in dispute.

Trending: Chicago Criminal Attempts to Rob Florida Gas Station, Instantly Regrets His Decision

Stuary Alderoty, Ripple’s general counsel, announced that the motion had been made public and gave a brief analysis of it.

“My hot take – after two years of litigation, the SEC is unable to identify any contract for investment (that’s what the statute

Continue reading


 

Join the conversation!

Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!

Thanks for sharing!
Send this to a friend