SEC wants 2nd Circuit to overrule Ripple XRP decision
The SEC has asked Judge Analisa Torres for interlocutory review and her permission to appeal two rulings that favored Ripple and XRP.
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The SEC has asked Judge Analisa Torres for interlocutory review and her permission to appeal two rulings that favored Ripple and XRP.
Read more (5 min) →In the SEC's case against Ripple, a judge has partially denied the SEC’s request for summary judgment leading some to claim a win for Ripple.
Judge Torres has overruled the SEC's appeals to keep former director William Hinman's Ethereum speech drafts out of court.
Ripple denies that XRP qualifies as a security because sales of the token never included an investment contract. The SEC disputes this.
Lawyer John Deaton says the SEC should go after Ripple if it can prove a case but it's unfair to hit traders 10 years after they bought XRP.
A US magistrate judge has ordered the SEC to cough up Hinman's speech drafts, in what could be a major win for Ripple.