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.

The post XRP Lawsuit: Ripple Assures Of Win If Case Goes To Jury? appeared first on CoinGape.

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Filed under: News - @ February 21, 2023 10:30 am