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?
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…
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