• News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Videos
  • Blogs
  • Market Cap
  • Shop
What's Hot

US Treasury sanctions Philippines tech firm over aiding $200 million pig butchering spree

2025-05-30

What Is Asset Tokenization? Types, Why It Matters Now [2025]

2025-05-30

Bitcoin Spammers Working With The CCP?

2025-05-29

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

Facebook Twitter Instagram
Crypto Investor News Network
  • News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT

    All Eyes on Art: Upcoming Collections to Watch the Week of February 4

    2025-02-05

    Creator of rabbit AI assistant has hidden NFT past

    2024-05-02

    Ethereum tops daily NFT sales at US$7 mln, ends weakest month of 2024

    2024-05-02

    Top NFT Airdrops and Giveaways for May 2024

    2024-05-02

    Casio Launches NFT Collection Celebrating 50th Anniversary

    2024-05-01
  • Metaverse

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    2024-12-13

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    2024-10-28

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    2024-09-05
  • Analysis

    Crypto Exchange Coinbase Lists New DeFi Altcoin Project Built on Base Blockchain

    2023-12-13

    Ethereum Price Bears Keep Pushing, Why Decline Isn’t Over Yet

    2023-12-13

    Trader Bullish on Cosmos (ATOM), Says One Dogecoin Rival Setting Up for Next Leg Up – Here’s His Outlook

    2023-12-13

    AVAX Price Pumps 50% and Dumps 15%, Why Uptrend Is Still Strong

    2023-12-13

    Top Trader Predicts Parabolic Rally for Solana Competitor – Here’s His Upside Target

    2023-12-13
  • Learn

    What Is Asset Tokenization? Types, Why It Matters Now [2025]

    2025-05-30

    What Is Crypto Margin Trading? A Beginner-Friendly Guide to Leverage

    2025-05-26

    What Is Circulating Supply in Crypto? A Beginner’s Guide to Token Supply

    2025-05-23

    What Is a DEX? How DEXs Work and Why They Matter

    2025-05-21

    What Is Blockchain? Blockchain Technology Explained for Beginners

    2025-05-21
  • Videos

    Bitcoin Spammers Working With The CCP?

    2025-05-29

    MSTR Financial Jiu-Jitsu: Saylor’s Savage Capital Market Checkmate! 🔥🔥🔥

    2025-05-28

    🟠 Bitcoin Conference 2025 | Top Moments from Day 1 & 2 🧨

    2025-05-28

    🚀 OCTA: Things Are Melting Up Quietly 🔥📈

    2025-05-27

    Guess Who is Buying $2.5B of Bitcoin | Bull Run Continues

    2025-05-27
  • Blogs
  • Market Cap
  • Shop
Facebook Twitter Instagram TikTok
Crypto Investor News Network
Home»Regulation»Ripple Says SEC Suffered Setback in XRP Lawsuit, Predicts When Summary Judgment Will Be Delivered
Regulation

Ripple Says SEC Suffered Setback in XRP Lawsuit, Predicts When Summary Judgment Will Be Delivered

2023-04-29No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Ripple Says SEC Suffered Setback in XRP Lawsuit, Predicts When Summary Judgment Will Be Delivered
Share
Facebook Twitter LinkedIn Pinterest Email

Ripple says that the U.S. Securities and Exchange Commission (SEC) recently suffered a setback in the lawsuit that the markets regulator filed against the payments firm alleging XRP to be an unregistered security.

In its XRP markets report for the first quarter of 2023, Ripple says that testimonies from some of the SEC’s experts were struck out from the court record in an opinion delivered by the lawsuit’s presiding Judge, Analisa Torres, last month.

“On March 6th, the Court issued a 57-page opinion deciding which opinions of the SEC’s and Ripple’s experts can be considered on summary judgment (and, if needed, at trial) and which opinions need to be ‘stricken.’ Specifically, the SEC’s expert’s testimony regarding the ‘reasonable expectations of an XRP purchaser’ was struck from the record, along with their expert who attempted to determine what ’caused’ the price of XRP to change.”

On when the summary judgment is likely to be delivered, the payments company says:

“Ripple expects a decision on summary judgment in 2023 though timing is ultimately up to the Court.”

Reacting to the rejection of SEC’s expert testimonies while retaining Ripple’s own, the payments firm’s general counsel, Stuart Alderoty, last month said that Judge Torres’ opinion had boosted confidence in their case.

“On the flip side – our experts that explain how Ripple’s contracts clearly differ from those in ‘Howey,’ tax treatment of XRP (not a security), accounting treatment of XRP (not a security), and currency experts on XRP (not a security) are all allowed to stay in.

As we have said throughout, we have always felt confident about our case and with each ruling, even more so.”

See also  Coinbase suspends staking services in Maryland

Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Check Price Action

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

Generated Image: Midjourney

Delivered Judgment lawsuit Predicts Ripple SEC Setback Suffered Summary XRP
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

ChatGPT Predicts Bitcoin’s Next Move | Selects Top Crypto For This Weekend

2025-05-15

Is XRP Really Expected To Fall To $1.20?!

2025-05-05

ISO 20022 Cryptos: XRP, ADA, ALGO, XLM — Don’t Miss This Wave!

2025-05-02

The SEC Has Made a Decision To Delay The XRP ETF Approval! What This Means

2025-04-30
Add A Comment

Leave A Reply Cancel Reply

Top Posts
Videos

Why the Crypto Market “Crashed” in Minutes

2023-03-03

Sign Up Here for the CT Club! https://patreon.com/cryptotips ✴︎Ledger hardware wallets https://shop.ledger.com/?r=67ef …

Videos

WHO CONSUMES MORE ENERGY❓🌍🔋 Bitcoin vs. Current Finance System 💥

2024-05-25

See also  Ripple CEO Brad Garlinghouse Says Judgement on SEC’s XRP Lawsuit To Come ‘In Weeks Not Months’

Videos

Everyone Wants To Work In Bitcoin!

2024-05-10

As Bitcoin’s societal impact grows, fervent enthusiasts are abandoning conventional careers to immerse themselves in…

Subscribe to Updates

Get the latest news and Update from CINN about Crypto, Metaverse and NFT.

Editors Picks

US Treasury sanctions Philippines tech firm over aiding $200 million pig butchering spree

2025-05-30

What Is Asset Tokenization? Types, Why It Matters Now [2025]

2025-05-30

Bitcoin Spammers Working With The CCP?

2025-05-29

MSTR Financial Jiu-Jitsu: Saylor’s Savage Capital Market Checkmate! 🔥🔥🔥

2025-05-28
Crypto Investor News Network
Facebook Twitter Instagram TikTok
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Disclouser
© 2025 - All rights are reserved.

Type above and press Enter to search. Press Esc to cancel.

bitcoin
Bitcoin (BTC) $ 104,724.06
ethereum
Ethereum (ETH) $ 2,541.81
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.20
bnb
BNB (BNB) $ 659.27
solana
Solana (SOL) $ 157.50
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.193425
tron
TRON (TRX) $ 0.266
cardano
Cardano (ADA) $ 0.690677
bitcoin
Bitcoin (BTC) $ 104,724.06
ethereum
Ethereum (ETH) $ 2,541.81
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.20
bnb
BNB (BNB) $ 659.27
solana
Solana (SOL) $ 157.50
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.193425
tron
TRON (TRX) $ 0.266
cardano
Cardano (ADA) $ 0.690677