Is XRP a security? Ripple’s management of UNLs may hold the answer
The SEC has argued that XRP is a security, in part due to the decentralized nature of Ripple-managed default UNLs (unique node lists).
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The SEC has argued that XRP is a security, in part due to the decentralized nature of Ripple-managed default UNLs (unique node lists).
A settlement with the SEC may have permanently bankrupted Ripple. Now, a summary judgement is expected within four weeks.
More than two years in, the SEC v. Ripple suit about an alleged unregistered securities offering could reach summary judgment soon.
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.
Emails obtained in a Freedom of Information Act (FOIA) request suggest that former SEC Director William Hinman had a conflict of interest.