Ripple v. SEC Case Is Advancing, But There Is Outraging Nuance

Oct 22,2022
Ripple v. SEC Case Is Advancing, But There Is Outraging Nuance

The lawsuit between Ripple and the U.S. Securities and Exchange Commission has been slowly but definitely ended. Today, Brad Garlinghouse and Chris Larsen, the founders of Ripple, submitted a law and regulation notebook in response to the summary ruling resolution of the Securities and Exchange Commission (SEC), which has made more progress. However, a subtle difference has already led to widespread dissatisfaction with such documents.

Because initially SEC documents were archived in a sealed manner as required by the regulatory authorities, such documents themselves and all subsequent responses to them were also hidden from the public. According to a lawyer and an XRP enthusiast, in a case where hundreds of thousands of people were injured by the investigation of the project investment, the original version of the sealed important document was a major attempt by the SEC to distort the facts.

Even so, some files will be checked in some way, but only when the final version of such files is discussed by the lawyers, and depends on what files will be saved and what files will not be saved. It is estimated that the document will be released on Monday, October 24.

The case is almost over

Based on a broad view, the SEC resistedRippleRipple won the court and refused to recognize XRP as a security, which should be a way out for all encryption markets, and is likely to open an example for its control.