Claim BonusCan Judge Deny To Rule On XRP Secondary Sales? XRP Lawyer Clarifies
XRP Lawsuit News: The XRP’s secondary sales issue in the long running U.S. Securities and Exchange Commission (SEC) Vs Ripple lawsuit remains crucial for the major crypto assets. However, the XRP holders’ lawyer suggests that there are chances that the XRP lawsuit might not see a ruling on XRP Secondary Sales.
Also Read: XRP Escrow Unlocked; Will Whales Scoop More XRP?
XRP Sales Issue To Make It To The Final Ruling?
Attorney John Deaton, Amicus Curiae in the XRP lawsuit disagreed with the lawyers that believe that District Judge Analisa Torres will not address the token itself or secondary sales issue in the ruling. He stated that the Judge needs to ignore the SEC’s theory build around XRP first in order to pass over the secondary sales issue.
US SEC suggests that Ripple engaged in an operation that is equivalent to a decade long and still running, 24/7 initial coin offering (ICO). It marks each and every sale of XRP as securities neglecting the seller or the circumstances surrounding the sale.
According to Deaton, the district court judge should address both issues just like her co-worker, Judge Castel did in the Telegram Case. He added that there were two opinions and orders passed in Telegram. Read More XRP lawsuit News Here…
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- CFTC Launches “Future-Proof” Initiative to Modernize Crypto and Prediction Market Rules
- Bitcoin Drops Below $90K as Supreme Court Delays Ruling on Trump Tariffs
- Trump Tariffs: U.S. President Threathens 200% Tariffs on France Amid Greenland Dispute
- Breaking: Tom Lee’s BitMine Acquires 35,268 ETH as Staked Ethereum Surges to All-Time High
- Fed Chair Decision: Trump Could Decide on Powell’s Successor Next Week, Scott Bessent Says
- Chainlink Price Prediction After 24/5 Stock Data Launch: What’s Next For LINK?
- XRP Price Eyes a 25% Rebound Ahead of Brad Garlinghouse Statements at Davos Summit
- Why Silver and Gold Prices Are Rising While Crypto Falls Under Tariff Pressure?
- Solana Price Prediction As NYSE Launched Stock Tokenization Platform
- Bitcoin Price Outlook Ahead of Trump’s Davos Speech as Trade War Tensions Ease
- Top 3 Price Prediction for Ethereum, XRP and Bitcoin If Crypto Structure Gets Approved This Month
