SEC, Ripple Call for Immediate Ruling in Suit Over Whether XRP Sales Violated Securities Laws

SEC, Ripple Call for Immediate Ruling in Suit Over Whether XRP Sales Violated Securities Laws


“Even if the SEC were to engage in a belated, post-discovery transaction-by-transaction analysis to identify XRP offers and sales with contracts, its claim would still fail as a matter of law. Not one of those contracts granted post-sale rights to recipients as against Ripple or imposed post-sale obligations on Ripple to act for the benefit of those recipients,” the filing said.

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