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.
Rumors of a Celsius asset buyout are rife but there’s still no guarantee that all of its 1.7 million users will get their funds back.
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