NewsletterRipple Or US SEC, Who’s Winning Investment Contract Claim?
XRP Lawsuit: The U.S. Securities and Exchange Commission (SEC) and Ripple Labs with other defendants are waiting for the District court’s Summary Judgment in the Case which will eventually decide whether XRP is a security or not. John Deaton, XRP holder’s lawyer in the Ripple Vs US SEC lawsuit stated cases around the investment contract claim.
Also Read: Why Nearly 30 Ethereum Apps Are Coming Together To Launch A DeFi Solution
Ripple Dismisses US SEC Theory
As per court filings, in its summary judgment motion’s preliminary statement, Ripple stated that the US SEC’s assertion brings in the interpretation of the term investment contract. The case theory suggests that if someone buys an asset expecting to make money, its interests and the sellers even partly align with it. Meanwhile, Ripple claims that it is not the law.
Expert suggests that Ripple states that the SEC’s case theory would involve the court accepting that there can be an investment contract without a contract, rights, and even obligations between the parties. However, the defendant states there have been no pre or post Howey cases without a contract/post sale contractual agreement with investors. Read More XRP News Here…
John Deaton, Amicus Curiae in the XRP lawsuit mentioned that a 2nd Circuit caselaw versus other circuits. He claims that Ripple’s 2nd Circuit argument is stronger than the 1st, 5th, and 9th circuits. While cases outside the 2nd circuit found an investment contract without an underlying contract.
He added that some of the cases established that an investment contract can be a brochure being sent to the investors making promises. Meanwhile, there is not even one case in all circuits where an investment contract popped up.
Also Read: Arbitrum’s Highly Debated Proposal Reaches Consensus; 700M ARB Tokens To Be Sold?
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
- Crypto Market Set for Liqudity Pump With Fed Rate Cut Expected This Week
- Harvard University Stacking More Bitcoin Over Gold, Bitwise CIO Matt Hougan Reveals
- Coinbase Returns to India After 2-Year Exit, Plans 2026 Launch of Fiat Services
- Binance Sets Foothold in Abu Dhabi with ADGM Global License, BNB Bounces
- Upbit Hack: Team Freezes $1.77M in Stolen Assets Amid Ongoing Investigation
- Ethereum Price Holds $3,000 as Bitmine Scoops Up $199M in ETH; What Next?
- Solana Price Outlook Strengthens as Spot ETFs See $15.68M in Fresh Inflows
- Dogecoin Price Gears Up for a $0.20 Breakout as Inverse H&S Takes Shape
- Bitcoin Price Forecast as BlackRock Sends $125M in BTC to Coinbase — Is a Crash Inevitable?
- XRP Price Prediction As Spot ETF Inflows Near $1 Billion: What’s Next?
- Solana Price Outlook: Reversal at Key Support Could Lead to $150 Target
