Ripple Says SEC Failed To Show XRP Sales Are Investment Contracts, Asks Court To Grant Summary Judgment Motion

Ripple Says SEC Failed To Show XRP Sales Are Investment Contracts, Asks Court To Grant Summary Judgment Motion


The Daily Hodl
2022-12-04 15:30:45

Ripple Labs says that the U.S. Securities and Exchange Commission (SEC) hasn’t been able to prove that the firm’s XRP sales were investment contracts in the regulator’s lawsuit against it. The SEC sued Ripple in late 2020 for allegedly selling XRP as an unregistered security. In its reply in support of a motion for summary The post Ripple Says SEC Failed To Show XRP Sales Are Investment Contracts, Asks Court To Grant Summary Judgment Motion appeared first on The Daily Hodl .