• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
Buy Neo Pepe
No Result
View All Result
🚀 BUY NEO PEPE PROTOCOL 🚀
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: Trump Linked Firm Trims Stake in Major Crypto Venture, Big Sell-Off Ahead?
🚀 BUY NEO PEPE PROTOCOL 🚀
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: Trump Linked Firm Trims Stake in Major Crypto Venture, Big Sell-Off Ahead?
XRP Lawyer Outlines What SEC Misses In Summary Judgment

XRP Lawyer Outlines What SEC Misses In Summary Judgment

Denis
by Denis
2 years ago
·
Posted in Ripple
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

The legal battle between the US Securities and Exchange Commission (SEC) and Ripple XRP is getting tougher. The watchdog has been hunting crypto assets and firms tagged to deal with unregistered securities.

While using enforcement action, SEC stated that XRP is a security and must be registered. It faulted Ripple for selling the token to the public, leading to their ongoing lawsuit.

As the tension in the legal case increases, some profound revelations emerge from the Summary Judgment discussion. This was between the Ripple lawyer, John Deaton and Eleanor Terrett, a Fox Business Journalist. The Lawyer gave some striking points concerning XRP.

Related Reading: Number Of Crypto In Circulation Now Over 21,000 Despite Wobbly Market

XRP Lawyer Gives The Missing Points

Deaton highlighted the crucial points regarding the token via Twitter. The Lawyer, the representative for the XRP holders in the case, noted what the SEC motion is missing. He stated that the watchdog doesn’t rely on any expert on its motion in the case.

According to Deaton, the SEC lacks expert testimony that could prove the price correlation for the crypto asset. This makes their motion void of all the efforts from Ripple and the price of the Ripple token. In addition, the SEC has no testimony alleging that the XRP holders depended on the conduct of the Ripple team and skills.

The watchdog has no statement that XRP holders got a spike to buy their holdings based on promises from Ripple and its team. Also, the Lawyer mentioned that there’s no expert commentary stating that Ripple controls or manages the XRP ledger network.

Deaton is an Amicus curia in the lawsuit between the SEC and Ripple. His position seems necessary because the case involves a considerable public interest regarding many investors’ funds on XRP tokens. The SEC had pleaded with the court to revoke the status of the amici as it cited the threat to their expert on the case.

The Implication Of The Situation For Ripple

With the SEC not having expert testimony, the tables could turn positively for Ripple. Deaton noted that the outcome could be a key player in Daubert’s challenges.

But it could be difficult for the commission to risk its reliance on it. The reported information is that there’s yet no interview with any XRP holders by experts regarding the case.

 XRP Lawyer Outlines What SEC Misses In Summary Judgment
Ripple trading in red zone l XRPUSDT on TradingView.com

Recall that there has been a report of the XRP lawyer disclosing the submitted documents suggesting the XRP ecosystem is at risk. In addition, part of the SEC’s motions pointed at Ripple and XRP as a joint enterprise.

Related Reading: Sparkster, CEO To Pay Back ‘Harmed Investors’ $35 Million In Settlement With SEC

According to Deaton, Judge Analisa Torres can give a final rule on the Daubert Motions any day from now. The motion has been a challenge for both Ripple’s and the SEC’s experts in the case.

Featured image Pixabay, Chart: TradingView.com
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Denis

Denis

Follow

Denis is a passionate writer and editor and he's been writing in finance industry for almost 6 years.

Full Profile

Related Posts

Ripple

SEC Vs Ripple: Expert Breaks Down 10 Crucial Updates On Settlement Progress

4 days ago
Ripple

Ripple CEO Brad Garlinghouse Dispels Circle Acquisition Rumors

2 weeks ago
Ripple Expands Middle East Presence as RLUSD Gains Approval in Dubai

Ripple Expands Middle East Presence as RLUSD Gains Approval in Dubai

2 weeks ago
XRP

Ripple Issues Stern Warning To Investors As CEO Celebrates New XRP Milestone

1 month ago
Ripple

Judge Torres Rejects Motion In SEC Vs Ripple—What Are The Consequences?

1 month ago
Ripple

SEC’s Ripple Settlement Under Fire: Commissioner Crenshaw Voices Concerns

1 month ago
Please login to join discussion

Premium Sponsors

Press Releases

  • REEF CHAIN ANNOUNCES LANDMARK PRINCIPAL PARTNERSHIP WITH...

    2 hours ago
  • Using BTC, USDC to earn 1700 euros per day through BCC...

    2 hours ago
  • Bitcoin Mining

    Bitcoin Mining Goes Full Summer Mode — BeMine Kicks Off...

    2 hours ago
  • Ripplecoin Mining Helps Coinbase and Kraken Users Earn...

    3 hours ago
  • Global mining has no boundaries! ETHRANSACTION supports...

    4 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Buy Neo Pepe

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.