Sign Up on MEXC
XRP Lawsuit News: The digital asset industry leaders have been vocal about the U.S. Securities and Exchange Commission’s (SEC) alleged regulatory overreach. However, it is expected that the long running US SEC Vs Ripple lawsuit’s outcome would provide legal clarity to the crypto market.
XRP Lawsuit To Stretch In Apex Court?
Ripple labs and US SEC have submitted their motions for Summary Judgment in the XRP lawsuit. While the crypto industry awaits a decision, Stuart Alderoty, Chief Legal Officer of Ripple dropped speculative statistics around the commission’s legal battle in the apex court of the United States.
Ripple’s chief lawyer mentioned that the US SEC has lost four out of its last five lawsuit claims in the Supreme court. However, he brought the courage and resources needed to fight back against the commission. The attorney highlighted the US SEC’s bully and time wasting tactics to stretch legal position in the cases filled. Read More XRP News Here…
Will Judge Reject US SEC’s Motion?
To this comment, John Deaton, Amicus Curiae in the XRP lawsuit claimed that Ripple and the defendants will win against US SEC. However, the apex court will rule against the commission’s regulatory overreach. He added that Ripple’s motion for summary judgment is well written appellate brief.
He went on to mention the West Virginia Vs Environmental Protection Agency (EPA), where Six Supreme Court Justices joined the majority opinion of striking down the EPA’s Clean Power Plan.
Deaton added that the defendants will be happy to have Judge Sarah Netburn and Judge Analisa Torres if they reject the US SEC’s motion. He expects that the judge’s rejection will lead the XRP lawsuit to a jury and that’s a win here.
Meanwhile, XRP holders’ lawyer stated that Judge Netburn has already called the US SEC Enforcement Director lacking faithful allegiance to the law. The authority also lacks integrity when it testified before Congress.
- Altcoin Season Index Hits New High As ETH, SOL, DOGE, and XRP Rally
- ‘Huge Breakthrough,’ Peter Brandt Says as Dogecoin Reclaims $0.30 Ahead ETF Launch
- Bitcoin Bull Cycle Could Extend To 2026, Arthur Hayes Predicts
- CZ Urges Banks to Adopt BNB as Analyst Predicts $1,300 Price Target
- Shiba Inu Update: Team Freezes 4.6M BONE Amid New SHIB Upgrades
- Pepe Coin Price Prediction as the Token Jumps Nearly 20% – Will Whale Accumulation Take it to $0.00003?
- Pi Coin Price Prediction As Adam & Eve Pattern Signals Breakout Rally To $0.45 Ahead
- HBAR Price Prediction Amid DTCC Listing and Archax Expansion — Is $0.50 Next?
- Ethereum Price Eyes a 40% Surge as Morgan Stanley Shifts Fed Cuts Forecast
- Solana Price Prediction: Ford’s $1.65B Treasury Bet Sets Sights on $320
