Claim $500Can 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.
Premium Partners
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Will Crypto Market Crash as Over $27B in Bitcoin, ETH, XRP, SOL Options Expire Today?
- Trust Wallet Hack Update: CZ Speaks Out on $7M Loss, Promises Support
- Trust Wallet Hack: Users Hit as Hacker Drains BTC, ETH, BNB
- Binance Founder CZ Reacts as BNB Chain Dominates Ethereum, Solana In This Metric
- Mike Novogratz Credits XRP Army for Token’s Relevance as ETFs Maintain Inflow Streak
- FUNToken Price Surges After MEXC Lists $FUN/USDC Pair
- Bitcoin Price on Edge as $24B Options Expire on Boxing Day — Is $80K About to Crack?
- Crypto Market Rebounds: Are Bulls Positioning for a Santa Rally?
- XRP, Bitcoin, Ethereum Price Predictions Ahead of Jan 2026 CLARITY Act and US Crypto Reserve Plans
- Pi Network Analysis: Pi Coin Price Surges on Christmas Eve, Can It Hit Year-End Highs?
- Why Dec 26th Is A Do Or Die for Bitcoin Price Ahead Of Record Options Expiry?
